Standard Lithium (CVE:SLI) Director Sells C$136,500.00 in Stock

Standard Lithium Ltd. (CVE:SLI) Director Robert Melvin Douglas Cross sold 25,000 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of C$5.46, for a total transaction of C$136,500.00. Following the completion of the transaction, the director owned 26,401 shares in the company, valued at C$144,149.46. This represents a 48.64% decrease in their position.

Standard Lithium Stock Up 5.2%

SLI stock traded up C$0.28 during trading on Tuesday, reaching C$5.68. The stock had a trading volume of 64,783 shares, compared to its average volume of 244,152. Standard Lithium Ltd. has a 1-year low of C$2.05 and a 1-year high of C$8.99. 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 company has a market capitalization of C$1.39 billion, a P/E ratio of -24.70 and a beta of 1.00. The firm has a fifty day moving average price of C$5.12 and a 200 day moving average price of C$5.83.

Analysts Set New Price Targets

Separately, Evercore upgraded shares of Standard Lithium to a “strong-buy” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

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.