Sigma Lithium (NASDAQ:SGML) Trading 6.6% Higher

Sigma Lithium Co. (NASDAQ:SGMLGet Free Report)’s stock price was up 6.6% during mid-day trading on Monday . The company traded as high as $14.07 and last traded at $13.82. Approximately 249,275 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 1,422,467 shares. The stock had previously closed at $12.96.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on SGML

Sigma Lithium Trading Up 2.5 %

The company’s 50-day simple moving average is $14.84 and its 200 day simple moving average is $23.74. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.32 and a current ratio of 1.54.

Institutional Investors Weigh In On Sigma Lithium

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Sigma Lithium by 5.9% in the 4th quarter. Vanguard Group Inc. now owns 53,124 shares of the company’s stock valued at $1,675,000 after acquiring an additional 2,939 shares during the last quarter. Electron Capital Partners LLC purchased a new stake in Sigma Lithium in the 4th quarter worth approximately $69,703,000. Mint Tower Capital Management B.V. bought a new position in Sigma Lithium in the 4th quarter worth approximately $205,000. Gotham Asset Management LLC purchased a new stake in Sigma Lithium during the fourth quarter valued at $531,000. Finally, Cantor Fitzgerald L. P. purchased a new stake in Sigma Lithium in the 4th quarter worth about $1,548,000. Institutional investors 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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