Sigma Lithium (NASDAQ:SGML) Shares Gap Up – Should You Buy?

Shares of Sigma Lithium Co. (NASDAQ:SGML) gapped up before the market opened on Tuesday . The stock had previously closed at $11.04, but opened at $11.31. Sigma Lithium shares last traded at $11.27, with a volume of 63,290 shares.

Sigma Lithium Trading Up 1.6 %

The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.25 billion, a P/E ratio of -23.37 and a beta of 0.15. The business has a fifty day moving average price of $12.87 and a 200 day moving average price of $12.01.

Institutional Investors Weigh In On Sigma Lithium

Institutional investors have recently bought and sold shares of the company. Point72 DIFC Ltd bought a new position in shares of Sigma Lithium during the 2nd quarter worth approximately $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Sigma Lithium during the second quarter worth $107,000. Public Employees Retirement System of Ohio bought a new position in Sigma Lithium in the third quarter valued at $122,000. Y Intercept Hong Kong Ltd acquired a new stake in Sigma Lithium in the 3rd quarter valued at $299,000. Finally, Tidal Investments LLC boosted its stake in shares of Sigma Lithium by 43.4% during the 3rd quarter. Tidal Investments LLC now owns 63,422 shares of the company’s stock worth $784,000 after buying an additional 19,193 shares during 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.