Sigma Lithium Co. (NASDAQ:SGML – Get Free Report) saw some unusual options trading on Monday. Traders acquired 7,936 call options on the company. This is an increase of approximately 163% compared to the typical volume of 3,012 call options.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. BMO Capital Markets reduced their target price on Sigma Lithium from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th. Bank of America reduced their target price on Sigma Lithium from $44.00 to $42.00 in a report on Sunday, September 3rd.
Hedge Funds Weigh In On Sigma Lithium
Sigma Lithium Stock Performance
Shares of SGML traded up $1.09 during trading hours on Monday, hitting $38.79. The stock had a trading volume of 434,702 shares, compared to its average volume of 710,889. The firm has a market capitalization of $4.24 billion, a PE ratio of -32.22 and a beta of 0.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 0.85. The stock has a fifty day moving average price of $35.56 and a 200 day moving average price of $36.81. Sigma Lithium has a 12 month low of $23.77 and a 12 month high of $43.18.
Sigma Lithium (NASDAQ:SGML – Get Free Report) last released its earnings results on Thursday, August 10th. The company reported ($0.22) earnings per share for the quarter. Analysts anticipate that Sigma Lithium will post 2.74 EPS for the current year.
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.
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