Standard Lithium (CVE:SLI) Director Buys C$136,850.42 in Stock

Standard Lithium Ltd. (CVE:SLI) Director David Park bought 52,838 shares of Standard Lithium stock in a transaction dated Wednesday, September 30th. The shares were acquired at an average cost of C$2.59 per share, for a total transaction of C$136,850.42. Following the completion of the purchase, the director directly owned 1,701,975 shares of the company’s stock, valued at approximately C$4,408,115.25. This trade represents a 3.20% increase in their position.

Standard Lithium Trading Down 2.7%

SLI stock traded down C$0.07 on Thursday, reaching C$2.56. The company’s stock had a trading volume of 61,296 shares, compared to its average volume of 227,109. The business has a fifty day simple moving average of C$3.15 and a two-hundred day simple moving average of C$4.20. Standard Lithium Ltd. has a 12-month low of C$2.52 and a 12-month high of C$8.99. The firm has a market cap of C$631.77 million, a PE ratio of -11.64 and a beta of 1.63. The company has a debt-to-equity ratio of 0.06, a quick ratio of 25.41 and a current ratio of 20.17.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised shares of Standard Lithium to a “hold” rating and set a C$2.90 target price on the stock in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$2.90.

About Standard Lithium

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.