Sigma Lithium Corporation (NASDAQ:SGML - Get Free Report) shares traded down 3.5% during mid-day trading on Wednesday . The stock traded as low as $5.51 and last traded at $5.44. 219,542 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 922,041 shares. The stock had previously closed at $5.64.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Sigma Lithium from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.
Read Our Latest Research Report on Sigma Lithium
Sigma Lithium Stock Performance
The stock has a market capitalization of $647.09 million, a P/E ratio of -15.73 and a beta of 0.05. The company has a fifty day moving average of $5.69 and a two-hundred day moving average of $8.92. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.85 and a quick ratio of 0.67.
Hedge Funds Weigh In On Sigma Lithium
Hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its holdings in Sigma Lithium by 67.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,425 shares of the company's stock worth $774,000 after purchasing an additional 30,075 shares during the period. Norges Bank bought a new position in Sigma Lithium in the fourth quarter worth about $28,050,000. Lighthouse Investment Partners LLC lifted its holdings in Sigma Lithium by 78.7% in the fourth quarter. Lighthouse Investment Partners LLC now owns 247,576 shares of the company's stock worth $2,778,000 after acquiring an additional 109,064 shares during the last quarter. Sourcerock Group LLC lifted its holdings in Sigma Lithium by 46.0% in the fourth quarter. Sourcerock Group LLC now owns 1,387,222 shares of the company's stock worth $15,565,000 after acquiring an additional 437,010 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Sigma Lithium in the fourth quarter worth $185,000. 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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