Rhumbline Advisers acquired a new position in shares of Lifezone Metals Limited (NYSE:LZM – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 39,789 shares of the company’s stock, valued at approximately $306,000. Rhumbline Advisers owned 0.11% of Lifezone Metals at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Brown Brothers Harriman & Co. purchased a new position in Lifezone Metals in the fourth quarter valued at $181,000. Bank of New York Mellon Corp acquired a new position in Lifezone Metals in the second quarter valued at $836,000. Finally, Jennison Associates LLC boosted its stake in Lifezone Metals by 2.4% in the first quarter. Jennison Associates LLC now owns 493,118 shares of the company’s stock valued at $3,782,000 after acquiring an additional 11,468 shares in the last quarter.
Lifezone Metals Stock Performance
NYSE LZM opened at $7.03 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.08 and a current ratio of 1.09. Lifezone Metals Limited has a 1 year low of $4.52 and a 1 year high of $15.49. The company has a fifty day moving average of $6.52 and a two-hundred day moving average of $7.43.
Lifezone Metals Profile
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.
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