Standard Lithium (CVE:SLI) Director Sells C$136,500.00 in Stock

Standard Lithium Ltd. (CVE:SLI – Get Free Report) Director Robert Melvin Douglas Cross sold 25,000 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of C$5.46, for a total value of C$136,500.00. Following the transaction, the director directly owned 26,401 shares of the company’s stock, valued at C$144,149.46. The trade was a 48.64% decrease in their ownership of the stock.

Standard Lithium Trading Down 1.9%

SLI opened at C$5.30 on Friday. Standard Lithium Ltd. has a 12 month low of C$2.13 and a 12 month high of C$8.99. The stock has a market capitalization of C$1.29 billion, a price-to-earnings ratio of -23.04 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 20.17 and a quick ratio of 25.41. The business has a fifty day moving average price of C$5.16 and a 200 day moving average price of C$5.85.

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Wall Street Analysts Forecast Growth

Separately, Evercore raised Standard Lithium to a “strong-buy” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has an average rating of “Strong Buy”.

Read Our Latest Stock Report on Standard Lithium

Standard Lithium Company Profile

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Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. Its flagship project is the Lanxess project with area of approximately 150,000 acres located in southern Arkansas. The company was formerly known as Patriot Petroleum Corp. and changed its name to Standard Lithium Ltd. in December 2016. Standard Lithium Ltd. was incorporated in 1998 and is headquartered in Vancouver, Canada.

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