Lifezone Metals Limited (NYSE:LZM - Get Free Report)'s share price fell 5.5% during trading on Thursday . The company traded as low as $4.50 and last traded at $4.56. 84,340 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 111,846 shares. The stock had previously closed at $4.83.
Wall Street Analyst Weigh In
Separately, Roth Mkm reiterated a "buy" rating and issued a $14.00 target price on shares of Lifezone Metals in a report on Wednesday, December 18th.
Check Out Our Latest Report on LZM
Lifezone Metals Price Performance
The stock has a fifty day moving average price of $6.07 and a 200 day moving average price of $6.39. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.01.
Hedge Funds Weigh In On Lifezone Metals
A number of large investors have recently bought and sold shares of the business. Tidal Investments LLC purchased a new position in Lifezone Metals during the 4th quarter valued at $527,000. ProShare Advisors LLC purchased a new position in Lifezone Metals during the 4th quarter valued at $71,000. Deutsche Bank AG boosted its holdings in Lifezone Metals by 33.7% during the 4th quarter. Deutsche Bank AG now owns 29,315 shares of the company's stock valued at $204,000 after acquiring an additional 7,389 shares during the period. BNP Paribas Financial Markets purchased a new position in Lifezone Metals during the 4th quarter valued at $42,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Lifezone Metals by 18.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,890 shares of the company's stock worth $97,000 after buying an additional 2,203 shares during the period.
Lifezone Metals Company Profile
(
Get Free Report)
Lifezone Metals Limited engages in the extraction and refining of metals. It supplies lower-carbon and sulfur dioxide emission metals to the battery storage, EV, and hydrogen markets. The company's products include nickel, copper, and cobalt. Its flagship project is the Kabanga nickel project in North-West Tanzania.
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