Lifezone Metals Limited (NYSE:LZM – Get Free Report) saw unusually large options trading on Friday. Traders bought 20,262 call options on the stock. This represents an increase of 3,051% compared to the average daily volume of 643 call options.
Lifezone Metals Stock Up 3.5%
LZM stock traded up $0.12 during midday trading on Friday, hitting $3.42. The company’s stock had a trading volume of 341,523 shares, compared to its average volume of 516,751. The firm has a 50-day simple moving average of $4.05 and a 200-day simple moving average of $4.45. The firm has a market capitalization of $292.02 million, a P/E ratio of -0.73 and a beta of 1.26. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.24. Lifezone Metals has a 52-week low of $3.00 and a 52-week high of $6.40.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. Wall Street Zen raised Lifezone Metals from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lifezone Metals in a research note on Tuesday, June 9th. Finally, Zacks Research raised shares of Lifezone Metals to a “hold” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.00.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Lifezone Metals by 5.1% during the 4th quarter. Barclays PLC now owns 55,097 shares of the company’s stock worth $235,000 after purchasing an additional 2,666 shares during the last quarter. Rhumbline Advisers raised its stake in Lifezone Metals by 22.9% in the first quarter. Rhumbline Advisers now owns 44,971 shares of the company’s stock valued at $188,000 after buying an additional 8,376 shares in the last quarter. EdgePoint Investment Group Inc. boosted its position in shares of Lifezone Metals by 32.4% during the 4th quarter. EdgePoint Investment Group Inc. now owns 37,659 shares of the company’s stock worth $161,000 after acquiring an additional 9,222 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Lifezone Metals by 32.2% in the 4th quarter. Deutsche Bank AG now owns 31,982 shares of the company’s stock valued at $137,000 after acquiring an additional 7,781 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Lifezone Metals during the 2nd quarter worth about $136,000.
About Lifezone Metals
Lifezone Metals Limited engages in the extraction and refining of metals. It supplies lower-carbon and sulfur dioxide emission metals to the battery storage, EV, and hydrogen markets. The company’s products include nickel, copper, and cobalt. Its flagship project is the Kabanga nickel project in North-West Tanzania. The company is based in Ramsey, Isle of Man.
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