Standard Lithium (NYSEAMERICAN:SLI) Trading Down 4.2% – Here’s What Happened

Standard Lithium Ltd. (NYSEAMERICAN:SLI)’s stock price traded down 4.2% during trading on Monday . The company traded as low as $4.08 and last traded at $4.09. 394,771 shares were traded during trading, a decline of 85% from the average session volume of 2,637,714 shares. The stock had previously closed at $4.27.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Standard Lithium in a report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $5.25.

Standard Lithium Stock Down 7.3%

The firm has a market cap of $959.98 million, a P/E ratio of -18.00 and a beta of 1.71. The business has a fifty day simple moving average of $4.67 and a 200-day simple moving average of $4.20.

Institutional Trading of Standard Lithium

Institutional investors have recently bought and sold shares of the company. Aquatic Capital Management LLC bought a new position in shares of Standard Lithium in the third quarter worth approximately $26,000. Bank of America Corp DE raised its holdings in Standard Lithium by 64.4% in the 2nd quarter. Bank of America Corp DE now owns 15,412 shares of the company’s stock worth $30,000 after acquiring an additional 6,040 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Standard Lithium in the 2nd quarter worth approximately $36,000. Stone House Investment Management LLC lifted its position in Standard Lithium by 734.3% in the 4th quarter. Stone House Investment Management LLC now owns 8,343 shares of the company’s stock valued at $37,000 after acquiring an additional 7,343 shares in the last quarter. Finally, HBK Sorce Advisory LLC purchased a new stake in Standard Lithium during the 3rd quarter valued at $41,000. 16.70% of the stock is owned by hedge funds and other institutional investors.

Standard Lithium Company Profile

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.