Y Intercept Hong Kong Ltd Makes New Investment in Sigma Lithium Co. (NASDAQ:SGML)

Y Intercept Hong Kong Ltd purchased a new stake in Sigma Lithium Co. (NASDAQ:SGML) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,210 shares of the company’s stock, valued at approximately $299,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SGML. Van ECK Associates Corp increased its stake in Sigma Lithium by 13.6% during the 2nd quarter. Van ECK Associates Corp now owns 1,201,612 shares of the company’s stock worth $14,455,000 after acquiring an additional 143,696 shares during the period. CQS US LLC increased its position in shares of Sigma Lithium by 72.0% in the second quarter. CQS US LLC now owns 215,000 shares of the company’s stock worth $2,586,000 after purchasing an additional 90,000 shares during the period. Fourth Sail Capital LP raised its stake in Sigma Lithium by 1,572.2% in the second quarter. Fourth Sail Capital LP now owns 3,134,797 shares of the company’s stock valued at $37,712,000 after purchasing an additional 2,947,331 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Sigma Lithium during the second quarter worth about $48,000. Finally, Appian Way Asset Management LP grew its stake in Sigma Lithium by 14.7% during the second quarter. Appian Way Asset Management LP now owns 2,604,136 shares of the company’s stock worth $31,328,000 after buying an additional 334,034 shares in the last quarter. 64.86% of the stock is currently owned by institutional investors and hedge funds.

Sigma Lithium Price Performance

Shares of NASDAQ:SGML opened at $11.56 on Wednesday. The firm has a 50 day moving average of $13.47 and a 200-day moving average of $12.24. Sigma Lithium Co. has a 12 month low of $8.47 and a 12 month high of $34.31. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.29 billion, a PE ratio of -24.08 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.