Lifezone Metals (NYSE:LZM) Trading Down 5.5% – Time to Sell?

Shares of Lifezone Metals Limited (NYSE:LZM) dropped 5.5% during trading on Thursday . The stock traded as low as $4.50 and last traded at $4.56. Approximately 84,340 shares changed hands during trading, a decline of 25% from the average daily volume of 111,846 shares. The stock had previously closed at $4.83.

Wall Street Analyst Weigh In

Separately, Roth Mkm reaffirmed a “buy” rating and set a $14.00 price target on shares of Lifezone Metals in a research note on Wednesday, December 18th.

Lifezone Metals Trading Down 1.9 %

The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average price of $6.07 and a 200 day moving average price of $6.39.

Institutional Investors Weigh In On Lifezone Metals

Several institutional investors have recently bought and sold shares of the business. Tidal Investments LLC purchased a new position in shares of Lifezone Metals in the 4th quarter valued at $527,000. ProShare Advisors LLC purchased a new position in Lifezone Metals in the fourth quarter valued at about $71,000. Deutsche Bank AG lifted its stake in shares of Lifezone Metals by 33.7% during the fourth quarter. Deutsche Bank AG now owns 29,315 shares of the company’s stock worth $204,000 after purchasing an additional 7,389 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Lifezone Metals in the fourth quarter worth about $42,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Lifezone Metals by 18.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,890 shares of the company’s stock valued at $97,000 after buying an additional 2,203 shares in the last quarter.

About Lifezone Metals

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.