Why Shares of Sigma Lithium Are Falling Today

1 day ago 2
  • Sigma Lithium banal slumped connected Thursday, and it's failing to recover.

  • The institution received a downgrade from Canaccord yesterday.

  • After stopping operations astatine an plus successful Brazil, Sigma Lithium is facing absorption successful resuming activities.

  • 10 stocks we similar amended than Sigma Lithium ›

Falling much than 14% yesterday from wherever it closed connected Wednesday, Sigma Lithium (NASDAQ: SGML) seems apt to widen its downward trajectory to extremity the week. With shares of the lithium shaper downgraded yesterday day and the institution encountering challenges successful restarting operations astatine its Brazilian mine, investors look to person recovered capable information to determination the banal retired of their portfolios.

As of 11:41 a.m. ET, Sigma Lithium shares are trading 12.9% lower.

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Image source: Getty Images.

Taking a much bearish stance, Canaccord downgraded Sigma Lithium to clasp from bargain yesterday. The progressively pessimistic presumption echoes the antagonistic outlook that Bank of America besides shared yesterday, erstwhile it assigned a $14 terms people to Sigma Lithium stock.

Another origin contributing to today's sell-off is yesterday's Reuters nonfiction reporting that Brazil's Labor Ministry has unopen down 3 discarded piles astatine Sigma Lithium's Grota bash Cirilo plus successful Minas Gerais. Citing documents it had seen, Reuters reported that the Labor Ministry based its determination connected the content that the discarded piles airs a "grave and imminent" hazard to workers and assemblage members.

Sigma Lithium announced that it was pausing operations astatine Mine 1, Grota bash Cirilo, successful the 3rd 4th 2025.

Shareholders are close to region Sigma Lithium from their portfolios owed to the challenges the institution is facing successful restarting operations astatine Grota bash Cirilo. In November 2025, the institution projected that mining operations would resume by the extremity of the month, ramping up into the archetypal 4th of 2026. Until the uncertainty astir the start-up of operations astatine Grota bash Cirilo is resolved, investors volition privation to see different lithium stocks that correspond little risk.

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