Sourcerock Group LLC Has $15.57 Million Stock Position in Sigma Lithium Co. (NASDAQ:SGML)

Sourcerock Group LLC lifted its position in shares of Sigma Lithium Co. (NASDAQ:SGML) by 46.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,387,222 shares of the company’s stock after purchasing an additional 437,010 shares during the quarter. Sigma Lithium accounts for 1.1% of Sourcerock Group LLC’s investment portfolio, making the stock its 19th largest holding. Sourcerock Group LLC owned 1.25% of Sigma Lithium worth $15,565,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SGML. Aquatic Capital Management LLC bought a new position in shares of Sigma Lithium during the 4th quarter valued at approximately $27,000. U S Global Investors Inc. raised its position in shares of Sigma Lithium by 233.3% during the 4th quarter. U S Global Investors Inc. now owns 10,000 shares of the company’s stock valued at $112,000 after buying an additional 7,000 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in Sigma Lithium during the fourth quarter worth about $142,000. Squarepoint Ops LLC bought a new stake in Sigma Lithium in the 4th quarter worth approximately $150,000. Finally, Handelsbanken Fonder AB purchased a new position in Sigma Lithium in the 4th quarter worth $160,000. 64.86% of the stock is currently owned by institutional investors and hedge funds.

Sigma Lithium Price Performance

Shares of Sigma Lithium stock opened at $6.58 on Monday. The business has a 50 day moving average of $8.89 and a 200 day moving average of $10.95. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The company has a market cap of $732.22 million, a PE ratio of -13.71 and a beta of 0.30. Sigma Lithium Co. has a 52 week low of $6.47 and a 52 week high of $19.20.

Sigma Lithium (NASDAQ:SGML) last announced its quarterly earnings data 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). Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%. The firm had revenue of $46.70 million during the quarter, compared to analysts’ expectations of $71.77 million. As a group, equities research analysts forecast that Sigma Lithium Co. will post -0.12 earnings per share for the current year.

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.