Sigma Lithium Corporation (NASDAQ:SGML - Get Free Report)'s stock price traded down 3.5% on Wednesday . The company traded as low as $5.51 and last traded at $5.44. 219,542 shares changed hands during trading, a decline of 76% from the average session volume of 922,041 shares. The stock had previously closed at $5.64.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Sigma Lithium from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.
Check Out Our Latest Stock Report on SGML
Sigma Lithium Price Performance
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 business has a fifty day moving average price of $5.59 and a 200 day moving average price of $8.82.
Hedge Funds Weigh In On Sigma Lithium
A number of institutional investors and hedge funds have recently bought and sold shares of SGML. Norges Bank bought a new stake in shares of Sigma Lithium during the 4th quarter valued at about $28,050,000. Bamco Inc. NY bought a new stake in shares of Sigma Lithium during the 4th quarter valued at about $13,539,000. Woodline Partners LP boosted its position in shares of Sigma Lithium by 65.6% during the 1st quarter. Woodline Partners LP now owns 2,678,444 shares of the company's stock valued at $27,856,000 after purchasing an additional 1,060,771 shares in the last quarter. Invesco Ltd. boosted its position in shares of Sigma Lithium by 171.3% during the 4th quarter. Invesco Ltd. now owns 1,088,992 shares of the company's stock valued at $12,218,000 after purchasing an additional 687,639 shares in the last quarter. Finally, Appian Way Asset Management LP boosted its position in shares of Sigma Lithium by 15.2% during the 4th quarter. Appian Way Asset Management LP now owns 4,712,425 shares of the company's stock valued at $52,873,000 after purchasing an additional 620,024 shares in the last quarter. Institutional investors and hedge funds own 64.86% of the company's stock.
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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