Sigma Lithium Corporation Up 7.64% To $13.84 After Earnings

Sigma Lithium Corporation (SGML) said before open Monday that it broke even in quarter four 2023.

In the same quarter a year ago, the company lost $0.54 per share on revenue of $0.00.

The stock is up 7.64% to $13.84 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Sigma Lithium Corporation a Bullish Sentiment Rank from InvestorsObserver.

Sigma Lithium Corporation has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 1, putting Sigma Lithium Corporation in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $10.46 on February 23, 2024 and set a 52-week high on June 13, 2023 at $43.18.

Sigma Lithium NASDAQ: SGML TSXV: SGML is dedicated to powering the next generation of electric vehicle batteries with environmentally sustainable and high-purity lithium. Sigma is in construction at its wholly owned Grota do Cirilo Project in Brazil one of the largest and highest-grade hard rock lithium spodumene deposits in the Americas. Sigma is committed to strong ESG practices and is aiming to be net zero emissions by 2024. Its green-friendly processing plant will use 100% renewable energy 100% recycled water and 100% dry-stack tailings.