Sigma Lithium (NASDAQ:SGML) Trading Up 6.7% - Here's Why

Shares of Sigma Lithium Co. (NASDAQ:SGML - Get Free Report) traded up 6.7% during trading on Monday . The company traded as high as $5.53 and last traded at $5.57. 169,519 shares were traded during mid-day trading, a decline of 79% from the average session volume of 823,020 shares. The stock had previously closed at $5.22.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Sigma Lithium from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

Sigma Lithium Stock Performance

The stock has a fifty day moving average price of $6.83 and a two-hundred day moving average price of $9.90. The company has a market cap of $570.88 million, a P/E ratio of -10.69 and a beta of 0.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last released its quarterly earnings results on Monday, March 31st. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.14). The business had revenue of $46.70 million for the quarter, compared to the consensus estimate of $71.77 million. Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. On average, equities analysts forecast that Sigma Lithium Co. will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sigma Lithium

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC bought a new stake in shares of Sigma Lithium during the first quarter valued at approximately $139,000. Alliancebernstein L.P. raised its holdings in Sigma Lithium by 10.9% during the fourth quarter. Alliancebernstein L.P. now owns 17,390 shares of the company's stock worth $195,000 after purchasing an additional 1,710 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in Sigma Lithium during the fourth quarter worth approximately $27,000. CenterBook Partners LP raised its holdings in Sigma Lithium by 3.0% during the first quarter. CenterBook Partners LP now owns 157,982 shares of the company's stock worth $1,643,000 after purchasing an additional 4,530 shares in the last quarter. Finally, U S Global Investors Inc. raised its holdings in Sigma Lithium by 233.3% during the fourth quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock worth $112,000 after purchasing an additional 7,000 shares in the last quarter. Institutional investors own 64.86% of the company's stock.

About Sigma Lithium

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.