State Street Corp Takes $1.83 Million Position in Sigma Lithium Co. (NASDAQ:SGML)

State Street Corp purchased a new stake in shares of Sigma Lithium Co. (NASDAQ:SGML) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 148,124 shares of the company’s stock, valued at approximately $1,831,000. State Street Corp owned 0.13% of Sigma Lithium at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. CQS US LLC increased its stake in shares of Sigma Lithium by 72.0% during the second quarter. CQS US LLC now owns 215,000 shares of the company’s stock valued at $2,586,000 after purchasing an additional 90,000 shares in the last quarter. Fourth Sail Capital LP increased its position in Sigma Lithium by 1,572.2% during the 2nd quarter. Fourth Sail Capital LP now owns 3,134,797 shares of the company’s stock valued at $37,712,000 after buying an additional 2,947,331 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Sigma Lithium during the second quarter valued at $48,000. Appian Way Asset Management LP raised its position in shares of Sigma Lithium by 14.7% in the 2nd quarter. Appian Way Asset Management LP now owns 2,604,136 shares of the company’s stock worth $31,328,000 after purchasing an additional 334,034 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Sigma Lithium in the second quarter worth approximately $107,000. Institutional investors own 64.86% of the company’s stock.

Sigma Lithium Stock Performance

SGML stock opened at $11.22 on Thursday. The stock’s 50 day simple moving average is $12.87 and its 200 day simple moving average is $12.01. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. Sigma Lithium Co. has a 12-month low of $8.47 and a 12-month high of $31.85. The stock has a market capitalization of $1.25 billion, a PE ratio of -23.37 and a beta of 0.15.

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.