Sigma Lithium (NASDAQ:SGML) Announces Quarterly Earnings Results

Sigma Lithium (NASDAQ:SGML) announced its quarterly earnings results on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.12), Zacks reports. Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%.

Sigma Lithium Trading Down 0.3 %

NASDAQ:SGML opened at $11.50 on Monday. The firm has a 50 day moving average of $11.35 and a 200 day moving average of $12.24. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. Sigma Lithium has a 52 week low of $8.47 and a 52 week high of $19.20. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -23.96 and a beta of 0.21.

Wall Street Analysts Forecast Growth

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

Sigma Lithium Company Profile

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.