Sigma Lithium (NASDAQ:SGML) Sets New 52-Week High at $28.54

Sigma Lithium Co. (NASDAQ:SGMLGet Rating) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $28.54 and last traded at $27.34, with a volume of 4279 shares trading hands. The stock had previously closed at $24.96.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upped their price objective on shares of Sigma Lithium from C$26.00 to C$27.00 in a research note on Thursday, June 23rd.

Sigma Lithium Trading Down 1.0 %

The company has a market capitalization of $2.77 billion and a price-to-earnings ratio of -57.33. The firm’s fifty day simple moving average is $19.81 and its two-hundred day simple moving average is $16.65.

Hedge Funds Weigh In On Sigma Lithium

Several institutional investors and hedge funds have recently bought and sold shares of SGML. Banque Cantonale Vaudoise acquired a new position in Sigma Lithium in the 1st quarter valued at about $30,000. Quantbot Technologies LP acquired a new position in Sigma Lithium in the 2nd quarter valued at about $38,000. DRW Securities LLC acquired a new position in Sigma Lithium in the 4th quarter valued at about $104,000. FNY Investment Advisers LLC acquired a new position in Sigma Lithium in the 2nd quarter valued at about $179,000. Finally, Millennium Management LLC acquired a new position in Sigma Lithium in the 2nd quarter valued at about $203,000. 5.71% of the stock is currently owned by institutional investors and hedge funds.

Sigma Lithium Company Profile

(Get Rating)

Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 27 mineral rights covering an area of approximately 191 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.

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