SQM (SQM, Financial), a prominent Chilean commodity producer, experienced a notable stock price increase of 5.04%, reaching $38.55 per share. The trading volume was 981,740 shares, with a turnover rate of 0.34% and a price fluctuation of 2.53%.
Recent financial reports reveal that SQM achieved a revenue of $1.077 billion, a net profit of $131 million, and earnings per share of $0.46. The gross profit stood at $275 million, while the price-to-earnings ratio was -34.20.
Regarding institutional ratings, out of 17 institutions covering the stock, 65% recommended buying, 29% advised holding, and 6% suggested selling.
Within the chemical products industry, where SQM operates, the overall increase was 0.39%. Notable gainers alongside SQM include Loop Industries, Inc., and Alto Ingredients, Inc. Active stocks in the sector were Crown Electrokinetics Corp., Zhongbei Energy, and Gevo, Inc., with turnover rates of 53.65%, 22.97%, and 7.96%, respectively. Stocks with significant price fluctuations included Bionexus Gene Lab Corp, Gevo, Inc., and Zhongbei Energy, with amplitudes of 24.96%, 12.55%, and 12.34%.
SQM specializes in producing lithium, specialty and standard potassium fertilizers, iodine, and solar salts. The company extracts these materials from high-quality brine deposits and caliche ore. SQM is also developing a hard rock lithium project in Australia and expanding its lithium refining assets in China.
