Key Points
- Insider James Andrew Charles Robinson bought 45,000 Standard Lithium shares at an average C$2.01 each, investing C$90,450 and increasing his stake by 1.34% to 3,392,567 shares.
- Standard Lithium opened at C$2.09, with a 12-month trading range of C$1.88 to C$8.18. Its market capitalization is approximately C$515.78 million, while its 50-day and 200-day moving averages are C$2.94 and C$3.93, respectively.
- Analyst sentiment is broadly positive: the consensus rating is “Buy” with a C$2.90 target price, despite Jefferies maintaining a “Hold” rating.
Standard Lithium Ltd. (CVE:SLI - Get Free Report) insider James Andrew Charles Robinson purchased 45,000 shares of the business's stock in a transaction that occurred on 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 acquisition, the insider owned 3,392,567 shares in the company, valued at C$6,819,059.67. This trade represents a 1.34% increase in their position.
Standard Lithium Stock Performance
SLI opened at C$2.09 on Tuesday. Standard Lithium Ltd. has a 12-month low of C$1.88 and a 12-month high of C$8.18. The company has a current ratio of 20.17, a quick ratio of 25.41 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of C$515.78 million, a PE ratio of -9.50 and a beta of 1.77. The firm has a 50 day moving average of C$2.94 and a two-hundred day moving average of C$3.93.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group upgraded shares of Standard Lithium to a "hold" rating and set a C$2.90 price objective on the stock in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$2.90.
View Our Latest Research Report on Standard Lithium
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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