Sigma Lithium (NASDAQ:SGML) Sees Large Volume Increase – Should You Buy?

Sigma Lithium Co. (NASDAQ:SGML) saw strong trading volume on Monday . 1,631,034 shares were traded during trading, an increase of 111% from the previous session’s volume of 774,404 shares.The stock last traded at $6.00 and had previously closed at $6.58.

Sigma Lithium Trading Down 9.0%

The stock has a market cap of $666.57 million, a PE ratio of -12.48 and a beta of 0.30. The stock has a 50-day moving average price of $8.89 and a two-hundred day moving average price of $10.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72.

Sigma Lithium (NASDAQ:SGML) last issued its quarterly earnings data on Monday, March 31st. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.14). The firm had revenue of $46.70 million for the quarter, compared to analysts’ expectations of $71.77 million. Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. Sell-side analysts forecast that Sigma Lithium Co. will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Handelsbanken Fonder AB bought a new position in shares of Sigma Lithium in the 4th quarter valued at about $160,000. Bank of New York Mellon Corp bought a new position in shares of Sigma Lithium in the 4th quarter valued at about $728,000. U S Global Investors Inc. lifted its holdings in shares of Sigma Lithium by 233.3% in the 4th quarter. U S Global Investors Inc. now owns 10,000 shares of the company’s stock valued at $112,000 after acquiring an additional 7,000 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Sigma Lithium by 203.6% in 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 acquiring an additional 1,464,475 shares during the last quarter. Finally, American Century Companies Inc. bought a new position in shares of Sigma Lithium in the 4th quarter valued at about $408,000. Hedge funds and other institutional investors own 64.86% of the company’s stock.

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.