Standard Lithium (CVE:SLI) Stock Price Up 0.3% – Here’s What Happened

Shares of Standard Lithium Ltd. (CVE:SLI – Get Free Report) traded up 0.3% during trading on Tuesday . The company traded as high as C$3.22 and last traded at C$3.14. 452,251 shares traded hands during trading, an increase of 106% from the average session volume of 219,178 shares. The stock had previously closed at C$3.13.

Analyst Upgrades and Downgrades

Separately, Evercore raised shares of Standard Lithium to a “strong-buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Standard Lithium presently has an average rating of “Strong Buy”.

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Standard Lithium Trading Up 0.3%

The firm has a market cap of C$774.90 million, a PE ratio of -14.27 and a beta of 1.61. 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 50-day moving average price of C$3.67 and a two-hundred day moving average price of C$4.81.

Insiders Place Their Bets

In other Standard Lithium news, Director Robert Melvin Douglas Cross sold 25,000 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of C$5.46, for a total value of C$136,500.00. Following the sale, the director owned 26,401 shares of the company’s stock, valued at C$144,149.46. This represents a 48.64% decrease in their ownership of the stock. Also, insider James Andrew Charles Robinson purchased 15,000 shares of the stock in a transaction dated Friday, June 5th. The stock was acquired at an average price of C$4.91 per share, for a total transaction of C$73,650.00. Following the completion of the transaction, the insider directly owned 3,292,701 shares of the company’s stock, valued at approximately C$16,167,161.91. The trade was a 0.46% increase in their ownership of the stock. 15.19% of the stock is currently owned by company insiders.

Standard Lithium Company Profile

(Get Free Report)

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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