Standard Lithium Ltd. (CVE:SLI – Get Free Report) insider James Andrew Charles Robinson bought 45,000 shares of the company’s stock in a transaction dated Friday, October 16th. The shares were acquired at an average price of C$2.01 per share, for a total transaction of C$90,450.00. Following the completion of the transaction, the insider directly owned 3,392,567 shares in the company, valued at approximately C$6,819,059.67. This trade represents a 1.34% increase in their ownership of the stock.
Standard Lithium Price Performance
Shares of Standard Lithium stock opened at C$2.14 on Thursday. The company has a quick ratio of 25.41, a current ratio of 20.17 and a debt-to-equity ratio of 0.06. Standard Lithium Ltd. has a twelve month low of C$1.88 and a twelve month high of C$8.18. The business has a 50-day moving average price of C$2.89 and a 200 day moving average price of C$3.90. The firm has a market cap of C$528.12 million, a PE ratio of -9.73 and a beta of 1.77.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group upgraded Standard Lithium to a “hold” rating and set a C$2.90 price objective for the company in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$2.90.
Check Out Our Latest Analysis on Standard Lithium
About Standard Lithium
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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