Standard Lithium Ltd. (CVE:SLI – Get Free Report) insider James Andrew Charles Robinson purchased 15,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was bought at an average price of C$4.91 per share, with a total value of C$73,650.00. Following the completion of the purchase, the insider owned 3,292,701 shares of the company’s stock, valued at approximately C$16,167,161.91. This represents a 0.46% increase in their ownership of the stock.
Standard Lithium Stock Down 0.8%
SLI stock traded down C$0.04 during mid-day trading on Monday, reaching C$4.75. The company had a trading volume of 67,715 shares, compared to its average volume of 241,037. 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 stock has a 50 day simple moving average of C$5.15 and a two-hundred day simple moving average of C$5.85. The company has a market capitalization of C$1.16 billion, a price-to-earnings ratio of -20.65 and a beta of 1.54. Standard Lithium Ltd. has a 52 week low of C$2.25 and a 52 week high of C$8.99.
Wall Street Analysts Forecast Growth
Separately, Evercore upgraded Standard Lithium to a “strong-buy” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock has a consensus rating of “Strong Buy”.
Standard Lithium Company Profile
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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