Key Points
- Director David Park purchased 52,838 Standard Lithium shares at an average price of C$2.59, investing C$136,850.42 and increasing his position by 3.20% to 1,701,975 shares.
- Standard Lithium shares opened at C$2.55 and are near their 52-week low of C$2.52, with the stock down 3.0%; the company has a C$629.30 million market capitalization.
- Analyst sentiment remains positive overall, with a consensus “Buy” rating and an average price target of C$2.90, despite Jefferies assigning a “Hold” rating.
Standard Lithium Ltd. (CVE:SLI - Get Free Report) Director David Park bought 52,838 shares of Standard Lithium stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average cost of C$2.59 per share, with a total value of C$136,850.42. Following the completion of the acquisition, the director directly owned 1,701,975 shares in the company, valued at approximately C$4,408,115.25. The trade was a 3.20% increase in their position.
Standard Lithium Stock Down 3.0%
Shares of CVE SLI opened at C$2.55 on Friday. The business has a 50-day moving average price of C$3.14 and a 200 day moving average price of C$4.17. The stock has a market cap of C$629.30 million, a PE ratio of -11.59 and a beta of 1.63. The company has a quick ratio of 25.41, a current ratio of 20.17 and a debt-to-equity ratio of 0.06. Standard Lithium Ltd. has a 52-week low of C$2.52 and a 52-week high of C$8.99.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group raised Standard Lithium to a "hold" rating and set a C$2.90 price objective for the company in a report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of C$2.90.
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Standard Lithium Company Profile
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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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