Sigma Lithium Corporation (NASDAQ:SGML - Get Free Report) shares saw strong trading volume on Thursday . 2,336,794 shares traded hands during mid-day trading, an increase of 98% from the previous session's volume of 1,177,768 shares.The stock last traded at $7.31 and had previously closed at $6.81.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Sigma Lithium from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
Check Out Our Latest Report on SGML
Sigma Lithium Stock Performance
The stock's 50 day moving average price is $5.44 and its two-hundred day moving average price is $8.57. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $803.44 million, a price-to-earnings ratio of -19.51 and a beta of 0.05.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aquatic Capital Management LLC purchased a new stake in Sigma Lithium during the fourth quarter worth $27,000. Teacher Retirement System of Texas purchased a new stake in shares of Sigma Lithium in the 1st quarter worth about $109,000. GAMMA Investing LLC purchased a new stake in shares of Sigma Lithium in the 1st quarter worth about $139,000. Pictet Asset Management Holding SA acquired a new stake in Sigma Lithium in the 4th quarter valued at about $142,000. Finally, Squarepoint Ops LLC purchased a new position in Sigma Lithium during the 4th quarter valued at about $150,000. 64.86% of the stock is currently owned by institutional investors and hedge funds.
Sigma Lithium Company Profile
(
Get Free Report)
Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.
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