Standard Lithium (CVE:SLI) Sets New 12-Month Low – Time to Sell?

Standard Lithium Ltd. (CVE:SLI) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$2.90 and last traded at C$2.90, with a volume of 4848 shares changing hands. The stock had previously closed at C$3.07.

Analyst Ratings Changes

Separately, Evercore upgraded shares of 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, Based on data from MarketBeat, Standard Lithium has a consensus rating of “Strong Buy”.

Standard Lithium Price Performance

The business has a fifty day moving average of C$4.33 and a 200 day moving average of C$5.26. 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 market cap of C$697.44 million, a PE ratio of -12.43 and a beta of 1.64.

Insider Buying and Selling at Standard Lithium

In other Standard Lithium news, insider James Andrew Charles Robinson bought 15,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were bought at an average cost of C$4.91 per share, with a total value of C$73,650.00. Following the transaction, the insider directly owned 3,292,701 shares in the company, valued at approximately C$16,167,161.91. This trade represents a 0.46% increase in their position. Also, Director David Park bought 28,328 shares of Standard Lithium stock in a transaction dated Monday, June 8th. The shares were acquired at an average price of C$4.77 per share, with a total value of C$135,124.56. Following the completion of the purchase, the director owned 1,649,137 shares in the company, valued at approximately C$7,866,383.49. The trade was a 1.75% increase in their position. 15.19% of the stock is currently owned by corporate insiders.

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.