The Manufacturers Life Insurance Company Makes New $124,000 Investment in Lifezone Metals Limited (NYSE:LZM)

The Manufacturers Life Insurance Company acquired a new stake in Lifezone Metals Limited (NYSE:LZM) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,112 shares of the company’s stock, valued at approximately $124,000.

Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers acquired a new position in Lifezone Metals in the second quarter valued at $306,000. Bank of New York Mellon Corp acquired a new stake in Lifezone Metals during the 2nd quarter worth about $836,000. Finally, Jennison Associates LLC raised its position in shares of Lifezone Metals by 2.4% in the 1st quarter. Jennison Associates LLC now owns 493,118 shares of the company’s stock worth $3,782,000 after acquiring an additional 11,468 shares in the last quarter.

Lifezone Metals Stock Performance

Shares of Lifezone Metals stock opened at $6.27 on Monday. The stock’s 50-day moving average is $6.38 and its 200 day moving average is $7.32. Lifezone Metals Limited has a one year low of $4.52 and a one year high of $10.74. 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 (NYSE:LZM) last posted its quarterly earnings results on Monday, August 19th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The business had revenue of $0.01 million for the quarter. Lifezone Metals had a negative return on equity of 294.91% and a negative net margin of 24,521.17%. As a group, equities analysts anticipate that Lifezone Metals Limited will post -0.21 EPS for the current fiscal year.

Lifezone Metals Company 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.