Sigma Lithium (NASDAQ:SGML) Trading Up 5.4%

Shares of Sigma Lithium Co. (NASDAQ:SGML) were up 5.4% during mid-day trading on Monday . The company traded as high as $15.24 and last traded at $15.10. Approximately 128,450 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 1,302,409 shares. The stock had previously closed at $14.33.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SGML shares. BMO Capital Markets reduced their price target on Sigma Lithium from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 27th. Bank of America increased their price target on Sigma Lithium from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, March 18th.

Sigma Lithium Stock Up 3.6 %

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.32 and a current ratio of 1.54. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -19.63 and a beta of 0.29. The firm has a 50-day moving average price of $13.75 and a two-hundred day moving average price of $21.48.

Institutional Investors Weigh In On Sigma Lithium

Several hedge funds and other institutional investors have recently made changes to their positions in SGML. Principal Financial Group Inc. acquired a new stake in shares of Sigma Lithium during the 3rd quarter worth about $9,605,000. Van ECK Associates Corp raised its position in shares of Sigma Lithium by 13.4% during the 3rd quarter. Van ECK Associates Corp now owns 887,543 shares of the company’s stock worth $28,791,000 after acquiring an additional 104,630 shares in the last quarter. Citigroup Inc. acquired a new stake in shares of Sigma Lithium during the 3rd quarter worth about $423,000. Nucleo Capital LTDA. raised its position in shares of Sigma Lithium by 10.5% during the 3rd quarter. Nucleo Capital LTDA. now owns 2,796,227 shares of the company’s stock worth $90,710,000 after acquiring an additional 266,298 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Sigma Lithium by 9.2% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 643,879 shares of the company’s stock worth $20,988,000 after acquiring an additional 54,268 shares in the last quarter. Institutional investors and hedge funds 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.