Standard Lithium Ltd. (CVE:SLI – Get Free Report) insider James Andrew Charles Robinson acquired 45,000 shares of the business’s stock in a transaction dated Friday, October 16th. The stock was acquired at an average price of C$2.01 per share, for a total transaction of C$90,450.00. Following the purchase, the insider directly owned 3,392,567 shares of the company’s stock, valued at approximately C$6,819,059.67. This trade represents a 1.34% increase in their ownership of the stock.
Standard Lithium Stock Performance
Shares of Standard Lithium stock traded up C$0.02 during trading on Monday, hitting C$2.08. 465,990 shares of the company’s stock were exchanged, compared to its average volume of 231,552. The stock has a market capitalization of C$513.31 million, a price-to-earnings ratio of -9.45 and a beta of 1.77. The business has a 50-day simple moving average of C$2.97 and a 200-day simple moving average of C$3.96. Standard Lithium Ltd. has a 52-week low of C$1.88 and a 52-week high of C$8.18. The company has a debt-to-equity ratio of 0.06, a quick ratio of 25.41 and a current ratio of 20.17.
Analysts Set New Price Targets
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 note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Standard Lithium presently has a consensus rating of “Buy” and a consensus price target of C$2.90.
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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