Sigma Lithium (NASDAQ:SGML) Shares Gap Up to $17.05

Sigma Lithium Co. (NASDAQ:SGMLGet Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $17.05, but opened at $17.82. Sigma Lithium shares last traded at $17.75, with a volume of 175,158 shares traded.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on Sigma Lithium

Sigma Lithium Stock Up 3.5 %

The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $2.05 billion, a P/E ratio of -142.77 and a beta of 0.24. The stock’s 50 day simple moving average is $14.60 and its 200 day simple moving average is $20.51.

Sigma Lithium (NASDAQ:SGMLGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.09) EPS for the quarter. The business had revenue of $37.69 million for the quarter. As a group, research analysts predict that Sigma Lithium Co. will post 0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Nucleo Capital LTDA. lifted its position in shares of Sigma Lithium by 10.5% in the 3rd quarter. Nucleo Capital LTDA. now owns 2,796,227 shares of the company’s stock worth $90,710,000 after buying an additional 266,298 shares during the last quarter. Appian Way Asset Management LP increased its holdings in shares of Sigma Lithium by 47.2% in the 1st quarter. Appian Way Asset Management LP now owns 2,270,102 shares of the company’s stock worth $29,421,000 after acquiring an additional 728,260 shares during the period. Frontier Capital Management Co. LLC increased its holdings in shares of Sigma Lithium by 26.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,258,218 shares of the company’s stock worth $71,202,000 after acquiring an additional 466,688 shares during the period. Electron Capital Partners LLC acquired a new stake in shares of Sigma Lithium in the 4th quarter worth about $69,703,000. Finally, Van ECK Associates Corp increased its holdings in shares of Sigma Lithium by 47.0% in the 1st quarter. Van ECK Associates Corp now owns 1,057,916 shares of the company’s stock worth $13,711,000 after acquiring an additional 338,380 shares during the period. 64.86% of the stock is currently owned by institutional investors.

Sigma Lithium Company Profile

(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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