Standard Lithium Ltd (CVE:SLL) insider Anthony Alvaro bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average cost of C$1.05 per share, for a total transaction of C$52,500.00. Following the purchase, the insider now owns 1,000,000 shares in the company, valued at approximately C$1,050,000.
Standard Lithium stock opened at C$1.00 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 10.39. Standard Lithium Ltd has a 52-week low of C$0.39 and a 52-week high of C$1.54. The firm has a market cap of $88.09 million and a PE ratio of -15.63. The company’s 50 day moving average is C$1.07 and its two-hundred day moving average is C$0.84.
Separately, HC Wainwright boosted their price target on shares of Standard Lithium from C$1.70 to C$1.80 in a research note on Wednesday, May 20th.
Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. The company's flagship project is the Smackover lithium brine project covering an area of 30,000 acres of brine leases located in southern Arkansas. It also holds interest in the Bristol Dry Lake project that covers an area of approximately 155 square kilometers located in the Mojave region of San Bernardino County, California.
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