Shares of Sigma Lithium Co. (NASDAQ:SGML – Get Rating) gapped up before the market opened on Wednesday . The stock had previously closed at $14.99, but opened at $15.45. Sigma Lithium shares last traded at $14.83, with a volume of 918 shares.
A number of brokerages recently weighed in on SGML. Canaccord Genuity Group lifted their target price on Sigma Lithium from $17.00 to $24.00 in a report on Wednesday, April 6th. Zacks Investment Research cut Sigma Lithium from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Canaccord Genuity Group lifted their target price on Sigma Lithium from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Wednesday, April 13th.
The stock has a fifty day moving average of $15.17 and a two-hundred day moving average of $11.84.
A number of large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in Sigma Lithium in the first quarter valued at about $252,000. Potrero Capital Research LLC purchased a new position in Sigma Lithium in the first quarter valued at about $11,466,000. UBS Group AG raised its position in Sigma Lithium by 352.2% in the first quarter. UBS Group AG now owns 39,834 shares of the company’s stock valued at $541,000 after purchasing an additional 31,026 shares during the period. BlackRock Inc. purchased a new stake in shares of Sigma Lithium during the first quarter worth about $1,123,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Sigma Lithium during the first quarter worth about $207,000. 6.58% of the stock is currently owned by institutional investors.
About Sigma Lithium (NASDAQ:SGML)
Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 27 mineral rights covering an area of approximately 191 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.
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