Standard Lithium (CVE:SLI) Sets New 12-Month Low – Time to Sell?

Standard Lithium Ltd. (CVE:SLI) shares reached a new 52-week low on Tuesday . The stock traded as low as C$2.90 and last traded at C$2.90, with a volume of 4848 shares. The stock had previously closed at C$3.07.

Analysts Set New Price Targets

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

Standard Lithium Stock Performance

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 firm has a market capitalization of C$697.44 million, a price-to-earnings ratio of -12.43 and a beta of 1.64. The company has a 50-day moving average of C$4.33 and a 200-day moving average of C$5.26.

Insider Buying and Selling at Standard Lithium

In other Standard Lithium news, Director David Park purchased 28,328 shares of Standard Lithium stock in a transaction dated Monday, June 8th. The shares were bought at an average cost of C$4.77 per share, for a total transaction of C$135,124.56. Following the transaction, the director owned 1,649,137 shares in the company, valued at C$7,866,383.49. This represents a 1.75% increase in their position. Also, insider James Andrew Charles Robinson purchased 15,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was acquired at an average cost of C$4.91 per share, with a total value of C$73,650.00. Following the completion of the acquisition, the insider directly owned 3,292,701 shares in the company, valued at approximately C$16,167,161.91. This trade represents a 0.46% increase in their position. 15.19% of the stock is owned by insiders.

Standard Lithium Company Profile

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.