Investors Buy Large Volume of Call Options on Standard Lithium (NYSEAMERICAN:SLI)

Standard Lithium Ltd. (NYSEAMERICAN:SLI) was the recipient of some unusual options trading on Monday. Investors acquired 17,623 call options on the stock. This represents an increase of approximately 350% compared to the average daily volume of 3,920 call options.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SLI shares. Roth Capital cut their price target on Standard Lithium from $6.00 to $5.50 and set a “buy” rating for the company in a report on Wednesday, November 12th. BMO Capital Markets restated an “outperform” rating on shares of Standard Lithium in a research report on Thursday, October 23rd. Finally, Canaccord Genuity Group boosted their price objective on shares of Standard Lithium from $5.00 to $7.50 and gave the stock a “speculative buy” rating in a report on Tuesday, October 21st. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Standard Lithium presently has an average rating of “Buy” and an average price target of $5.25.

Institutional Trading of Standard Lithium

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in Standard Lithium during the third quarter worth about $109,000. Tudor Investment Corp ET AL acquired a new position in shares of Standard Lithium in the 3rd quarter worth approximately $1,816,000. XTX Topco Ltd lifted its position in shares of Standard Lithium by 72.0% during the 3rd quarter. XTX Topco Ltd now owns 263,510 shares of the company’s stock worth $888,000 after buying an additional 110,280 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Standard Lithium in the 3rd quarter valued at $317,000. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Standard Lithium by 12.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 102,990 shares of the company’s stock valued at $347,000 after buying an additional 11,190 shares in the last quarter. Institutional investors own 16.70% of the company’s stock.

Standard Lithium Trading Up 3.4%

SLI stock traded up $0.17 during midday trading on Monday, hitting $5.14. The stock had a trading volume of 1,827,935 shares, compared to its average volume of 2,600,716. Standard Lithium has a 52 week low of $1.08 and a 52 week high of $6.40. The stock has a 50-day simple moving average of $4.31 and a 200 day simple moving average of $3.55. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -23.36 and a beta of 1.73.

About Standard Lithium

Standard Lithium (NYSEAMERICAN: SLI) is a mineral exploration and development company focused on the extraction of lithium from sedimentary brine resources. Utilizing direct lithium extraction (DLE) processes, the company aims to deliver high-purity lithium carbonate and lithium hydroxide suitable for the battery and electric vehicle markets. Standard Lithium’s technology is designed to accelerate lithium recovery rates while minimizing environmental impact compared to traditional solar evaporation methods.

The company’s flagship project is located in the Smackover Formation of southern Arkansas, in collaboration with chemical producer LANXESS.