Shares of Sigma Lithium Corporation (NASDAQ:SGML - Get Free Report) traded down 3.5% during trading on Wednesday . The stock traded as low as $5.51 and last traded at $5.44. 219,542 shares were traded 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 Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Sigma Lithium from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.
Read Our Latest Stock Report on SGML
Sigma Lithium Trading Down 1.8%
The company's 50-day moving average price is $5.64 and its 200-day moving average price is $8.88. The firm has a market cap of $614.94 million, a price-to-earnings ratio of -14.93 and a beta of 0.05. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 1.08.
Institutional Trading of Sigma Lithium
Institutional investors have recently modified their holdings of the stock. Aquatic Capital Management LLC acquired a new stake in shares of Sigma Lithium in the fourth quarter valued at about $27,000. Teacher Retirement System of Texas acquired a new position in Sigma Lithium during the first quarter worth about $109,000. GAMMA Investing LLC acquired a new position in Sigma Lithium during the first quarter worth about $139,000. Pictet Asset Management Holding SA acquired a new position in Sigma Lithium during the fourth quarter worth about $142,000. Finally, Squarepoint Ops LLC acquired a new position in Sigma Lithium during the fourth quarter worth about $150,000. Institutional investors and hedge funds own 64.86% of the company's stock.
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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