Bank of New York Mellon Corp Purchases Shares of 108,818 Lifezone Metals Limited (NYSE:LZM)

Bank of New York Mellon Corp acquired a new stake in Lifezone Metals Limited (NYSE:LZM) during the second quarter, Holdings Channel.com reports. The fund acquired 108,818 shares of the company’s stock, valued at approximately $836,000.

Separately, Brown Brothers Harriman & Co. acquired a new stake in shares of Lifezone Metals in the 4th quarter worth about $181,000.

Lifezone Metals Trading Down 4.9 %

LZM stock opened at $6.56 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $6.71 and a two-hundred day simple moving average of $7.44. Lifezone Metals Limited has a 52-week low of $4.52 and a 52-week high of $19.12.

Lifezone Metals (NYSE:LZM) last posted its earnings results on Monday, August 19th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). Lifezone Metals had a negative net margin of 24,521.17% and a negative return on equity of 294.91%. The company had revenue of $0.01 million during the quarter. Equities analysts forecast that Lifezone Metals Limited will post -0.21 EPS for the current year.

Lifezone Metals Profile

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.