Sigma Lithium (NASDAQ:SGML) Stock Price Up 8.9% – What’s Next?

Sigma Lithium Co. (NASDAQ:SGML) shares rose 8.9% on Thursday . The company traded as high as $12.24 and last traded at $12.22. Approximately 416,754 shares were traded during trading, a decline of 57% from the average daily volume of 976,321 shares. The stock had previously closed at $11.22.

Sigma Lithium Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84. The firm’s fifty day moving average is $12.78 and its two-hundred day moving average is $12.01. The company has a market cap of $1.34 billion, a P/E ratio of -25.19 and a beta of 0.15.

Hedge Funds Weigh In On Sigma Lithium

A number of hedge funds have recently made changes to their positions in the business. Point72 DIFC Ltd bought a new stake in Sigma Lithium during the 2nd quarter valued at approximately $48,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Sigma Lithium during the second quarter valued at approximately $107,000. Public Employees Retirement System of Ohio purchased a new position in shares of Sigma Lithium in the third quarter worth $122,000. Y Intercept Hong Kong Ltd bought a new position in shares of Sigma Lithium during the third quarter worth $299,000. Finally, Tidal Investments LLC grew its stake in Sigma Lithium by 43.4% during the third quarter. Tidal Investments LLC now owns 63,422 shares of the company’s stock valued at $784,000 after acquiring an additional 19,193 shares in the last quarter. Institutional investors own 64.86% of the company’s stock.

Sigma Lithium Company Profile

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.