Sigma Lithium (NASDAQ:SGML) Trading 7.6% Higher - Time to Buy?

Sigma Lithium Corporation (NASDAQ:SGML - Get Free Report)'s stock price traded up 7.6% during trading on Tuesday . The stock traded as high as $5.44 and last traded at $5.47. 424,350 shares were traded during mid-day trading, a decline of 54% from the average session volume of 913,174 shares. The stock had previously closed at $5.08.

Analyst Ratings Changes

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

Sigma Lithium Stock Up 7.1%

The firm has a market capitalization of $605.36 million, a price-to-earnings ratio of -14.70 and a beta of 0.05. The stock has a 50 day moving average of $5.79 and a 200 day moving average of $8.96. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 1.08.

Hedge Funds Weigh In On Sigma Lithium

A number of hedge funds and other institutional investors have recently bought and sold shares of SGML. Aquatic Capital Management LLC acquired a new position in Sigma Lithium in the fourth quarter valued at approximately $27,000. Teacher Retirement System of Texas bought a new stake in shares of Sigma Lithium during the first quarter valued at approximately $109,000. GAMMA Investing LLC bought a new stake in shares of Sigma Lithium during the first quarter valued at approximately $139,000. Pictet Asset Management Holding SA bought a new stake in shares of Sigma Lithium during the fourth quarter valued at approximately $142,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Sigma Lithium during the fourth quarter valued at approximately $150,000. 64.86% of the stock is currently owned by institutional investors and hedge funds.

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.

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