Sigma Lithium (OTCMKTS:SGMLF) Stock Falls 3% – Here’s Why

Sigma Lithium Corporation (OTCMKTS:SGMLF – Get Free Report) shares were down 3% during mid-day trading on Friday. The company traded as low as $9.36 and last traded at $9.56. Approximately 1,535,388 shares were traded during mid-day trading, an increase of 19,658% from the average daily volume of 7,771 shares. The stock had previously closed at $9.86.

Sigma Lithium Trading Down 3.0%

The company’s 50-day moving average price is $10.76 and its 200 day moving average price is $13.20.

Sigma Lithium Company Profile

(Get Free Report)

Sigma Lithium Corporation is a Canadian mining and technology company focused on the exploration, development and production of lithium concentrate for the electric vehicle and energy storage industries. The company’s principal asset is the Grota do Cirilo lithium project in Brazil, which is designed to produce high-purity lithium concentrate from hard-rock spodumene ore.

Grota do Cirilo is located in the Jequitinhonha Valley of Minas Gerais, a historic mining region in southeastern Brazil.

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