Standard Lithium (CVE:SLI) Director David Park Buys 28,328 Shares of Stock

Standard Lithium Ltd. (CVE:SLI) Director David Park bought 28,328 shares of the company’s stock in a transaction on Monday, June 8th. The stock was bought at an average price of C$4.77 per share, for a total transaction of C$135,124.56. Following the completion of the purchase, the director directly owned 1,649,137 shares in the company, valued at approximately C$7,866,383.49. This represents a 1.75% increase in their ownership of the stock.

Standard Lithium Stock Performance

Standard Lithium stock opened at C$4.75 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 25.41 and a current ratio of 20.17. The company has a market capitalization of C$1.16 billion, a PE ratio of -20.65 and a beta of 1.54. The company has a 50 day moving average price of C$5.15 and a 200-day moving average price of C$5.85. Standard Lithium Ltd. has a fifty-two week low of C$2.25 and a fifty-two week high of C$8.99.

Analysts Set New Price Targets

Separately, Evercore upgraded Standard Lithium to a “strong-buy” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

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.