Sigma Lithium Corp. Hits Day Low of CAD 9.66 Amid Price Pressure

Sigma Lithium Corp. experienced a significant decline today, with the stock dropping by 7.28% to touch an intraday low of CAD 9.66. This performance stands in stark contrast to the S&P/TSX 60, which only saw a minor decrease of 0.57% on the same day. Over the past week, Sigma Lithium has shown a modest gain of 2.4%, but this is overshadowed by its year-to-date performance, which reflects a substantial decline of 39.09%. The company has faced consistent challenges, with a one-year return of -45.65%, significantly underperforming the S&P/TSX 60, which has gained 24.03% during the same period. Financial metrics indicate that Sigma Lithium is navigating a difficult landscape, with a pre-tax profit of CAD -26.1 million, marking a decline of 56.79%. The net profit has also fallen sharply by 93.46%. With a market capitalization of CAD 919 million, the company operates within the minerals and mining sector, but its return on equity stands at a negative 52.01%, highlighting ongoing financial pressures.