Sigma Lithium Co. (NASDAQ:SGML) Shares Bought by U S Global Investors Inc.

U S Global Investors Inc. increased its position in shares of Sigma Lithium Co. (NASDAQ:SGML) by 233.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,000 shares of the company’s stock after buying an additional 7,000 shares during the period. U S Global Investors Inc.’s holdings in Sigma Lithium were worth $112,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Sigma Lithium in the third quarter valued at approximately $122,000. Handelsbanken Fonder AB acquired a new stake in Sigma Lithium in the 4th quarter valued at $160,000. Y Intercept Hong Kong Ltd purchased a new stake in Sigma Lithium in the 3rd quarter worth $299,000. Bank of New York Mellon Corp acquired a new position in Sigma Lithium during the fourth quarter worth $728,000. Finally, Tidal Investments LLC raised its position in Sigma Lithium by 43.4% during the third quarter. Tidal Investments LLC now owns 63,422 shares of the company’s stock worth $784,000 after acquiring an additional 19,193 shares during the period. Institutional investors and hedge funds own 64.86% of the company’s stock.

Sigma Lithium Price Performance

Shares of Sigma Lithium stock opened at $11.67 on Friday. The stock has a market capitalization of $1.30 billion, a P/E ratio of -24.31 and a beta of 0.22. The business has a 50 day simple moving average of $11.45 and a two-hundred day simple moving average of $12.00. Sigma Lithium Co. has a 12 month low of $8.47 and a 12 month high of $19.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72.

Analyst Upgrades and Downgrades

Separately, Bank of America dropped their target price on shares of Sigma Lithium from $25.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th.

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.