Standard Lithium (CVE:SLI) Upgraded at Jefferies Financial Group

Standard Lithium (CVE:SLI) was upgraded by equities research analysts at Jefferies Financial Group to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Standard Lithium Trading Down 3.8%

Shares of CVE:SLI opened at C$3.32 on Wednesday. The business has a 50 day moving average of C$3.38 and a 200-day moving average of C$4.62. Standard Lithium has a 12-month low of C$2.70 and a 12-month high of C$8.99. The stock has a market cap of C$819.32 million, a PE ratio of -15.09 and a beta of 1.61. The company has a quick ratio of 25.41, a current ratio of 20.17 and a debt-to-equity ratio of 0.06.

Insider Buying and Selling

In related news, insider James Andrew Charles Robinson purchased 15,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the insider owned 3,292,701 shares of the company’s stock, valued at C$16,167,161.91. This represents a 0.46% increase in their position. Also, Director David Park acquired 28,328 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was purchased at an average price of C$4.77 per share, for a total transaction of C$135,124.56. Following the purchase, the director owned 1,649,137 shares of the company’s stock, valued at C$7,866,383.49. The trade was a 1.75% increase in their position. Company insiders own 15.19% of the company’s stock.

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.