Sigma Lithium Corporation (NASDAQ:SGML - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $4.81, but opened at $4.99. Sigma Lithium shares last traded at $5.18, with a volume of 1,554,012 shares changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Sigma Lithium from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
Read Our Latest Analysis on Sigma Lithium
Sigma Lithium Stock Performance
The firm's 50 day simple moving average is $5.86 and its 200-day simple moving average is $9.01. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.67 and a current ratio of 0.85. The company has a market capitalization of $573.65 million, a price-to-earnings ratio of -13.93 and a beta of 0.05.
Hedge Funds Weigh In On Sigma Lithium
A number of hedge funds have recently modified their holdings of SGML. Norges Bank acquired a new position in shares of Sigma Lithium in the fourth quarter worth $28,050,000. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Sigma Lithium by 203.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company's stock worth $24,501,000 after acquiring an additional 1,464,475 shares during the last quarter. Bamco Inc. NY acquired a new position in shares of Sigma Lithium in the fourth quarter worth $13,539,000. Woodline Partners LP increased its stake in shares of Sigma Lithium by 65.6% in the first quarter. Woodline Partners LP now owns 2,678,444 shares of the company's stock worth $27,856,000 after acquiring an additional 1,060,771 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Sigma Lithium by 171.3% in the fourth quarter. Invesco Ltd. now owns 1,088,992 shares of the company's stock worth $12,218,000 after acquiring an additional 687,639 shares during the last quarter. 64.86% of the stock is owned by institutional investors and hedge funds.
About Sigma Lithium
(
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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