Key Points
- Insider buying: Standard Lithium insider James Andrew Charles Robinson purchased 15,000 shares on June 5 at an average price of C$4.91, for a total of C$73,650.
- Ownership increased: After the transaction, Robinson held 3,292,701 shares, worth about C$16.17 million, reflecting a 0.46% increase in his stake.
- Analyst sentiment remains positive: Evercore recently upgraded Standard Lithium to strong-buy, and the stock currently carries a consensus Strong Buy rating.
Standard Lithium Ltd. (CVE:SLI - Get Free Report) insider James Andrew Charles Robinson bought 15,000 shares of the firm's stock in a transaction on Friday, June 5th. The stock was purchased at an average price of C$4.91 per share, with a total value 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 approximately C$16,167,161.91. This trade represents a 0.46% increase in their ownership of the stock.
Standard Lithium Stock Performance
Standard Lithium stock opened at C$4.75 on Tuesday. Standard Lithium Ltd. has a fifty-two week low of C$2.25 and a fifty-two week high of C$8.99. The firm's 50 day simple moving average is C$5.15 and its 200-day simple moving average is C$5.85. 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$1.16 billion, a P/E ratio of -20.65 and a beta of 1.54.
Wall Street Analysts Forecast Growth
Separately, Evercore upgraded Standard Lithium to a "strong-buy" rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Strong Buy".
View Our Latest Research Report on Standard Lithium
About Standard Lithium
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
