Sigma Lithium Target of Unusually Large Options Trading (NASDAQ:SGML)

Sigma Lithium Corporation (NASDAQ:SGML) saw some unusual options trading on Thursday. Stock traders purchased 2,370 call options on the stock. This is an increase of approximately 171% compared to the typical volume of 875 call options.

Institutional Trading of Sigma Lithium

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich increased its position in Sigma Lithium by 203.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company’s stock valued at $24,501,000 after purchasing an additional 1,464,475 shares during the period. Norges Bank acquired a new stake in Sigma Lithium during the 4th quarter valued at approximately $28,050,000. Lighthouse Investment Partners LLC increased its position in Sigma Lithium by 78.7% during the 4th quarter. Lighthouse Investment Partners LLC now owns 247,576 shares of the company’s stock valued at $2,778,000 after purchasing an additional 109,064 shares during the period. Sourcerock Group LLC increased its position in Sigma Lithium by 46.0% during the 4th quarter. Sourcerock Group LLC now owns 1,387,222 shares of the company’s stock valued at $15,565,000 after purchasing an additional 437,010 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Sigma Lithium by 67.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 74,425 shares of the company’s stock worth $774,000 after buying an additional 30,075 shares during the period. Institutional investors and hedge funds own 64.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Sigma Lithium from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

Sigma Lithium Stock Performance

NASDAQ:SGML opened at $5.16 on Friday. The company has a market capitalization of $573.65 million, a PE ratio of -13.93 and a beta of 0.05. The company has a 50 day simple moving average of $5.86 and a two-hundred day simple moving average of $9.03. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.67 and a current ratio of 0.85. Sigma Lithium has a fifty-two week low of $4.25 and a fifty-two week high of $15.56.

About Sigma Lithium

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.