Sigma Lithium gains on posting Q3 profit

Sigma Lithium

15/11/2023 17:43

** U.S.-listed shares of Canadian miner Sigma Lithium
 SGML.O ,  SGML.V  up 9.7% at $27.14   
    ** Co reports Q3 rev of $97 mln, its first
revenue-generating quarter 
    ** Co also reports Q3 EPS of $0.45 vs a loss of $0.13 per
share last year 
    ** "Low production cost resulting from operational
efficiency and overall discipline drives significant financial
margins and the ability to generate free cash flow" - Co 
    ** Including the session's gains, stock is down 3.8% YTD 

 (Reporting by Sourasis Bose)
 ((Sourasis.bose@thomsonreuters.com))