Key Points
- Standard Lithium director Robert Melvin Douglas Cross sold 25,000 shares on Friday, May 29, at an average price of C$5.46, totaling C$136,500.00.
- After the sale, Cross still owned 26,401 shares, but the transaction represented a 48.64% reduction in his stake.
- The stock was trading up 1.4% at C$5.76, and analysts currently give Standard Lithium a Strong Buy consensus rating after an Evercore upgrade.
Standard Lithium Ltd. (CVE:SLI - Get Free Report) Director Robert Melvin Douglas Cross sold 25,000 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of C$5.46, for a total transaction of C$136,500.00. Following the transaction, the director owned 26,401 shares of the company's stock, valued at approximately C$144,149.46. This represents a 48.64% decrease in their ownership of the stock.
Standard Lithium Trading Up 1.4%
Standard Lithium stock opened at C$5.76 on Wednesday. The firm has a 50-day moving average of C$5.12 and a 200-day moving average of C$5.83. Standard Lithium Ltd. has a one year low of C$2.05 and a one year high of C$8.99. 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 company has a market cap of C$1.40 billion, a price-to-earnings ratio of -25.04 and a beta of 1.00.
Wall Street Analysts Forecast Growth
Separately, Evercore upgraded shares of Standard Lithium to a "strong-buy" rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Strong Buy".
View Our Latest Stock Analysis on Standard Lithium
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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