Standard Lithium (CVE:SLI – Get Free Report) was upgraded by stock analysts at Jefferies Financial Group to a “hold” rating in a research note issued to investors on Wednesday, Zacks reports.
Standard Lithium Trading Down 3.8%
Shares of CVE:SLI opened at C$3.32 on Wednesday. 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$819.32 million, a PE ratio of -15.09 and a beta of 1.61. The business has a 50 day moving average of C$3.38 and a two-hundred day moving average of C$4.62. Standard Lithium has a 12-month low of C$2.70 and a 12-month high of C$8.99.
Insiders Place Their Bets
In other news, insider James Andrew Charles Robinson bought 15,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average cost of C$4.91 per share, for a total transaction of C$73,650.00. Following the acquisition, the insider directly owned 3,292,701 shares of the company’s stock, valued at C$16,167,161.91. The trade was a 0.46% increase in their position. Also, Director David Park purchased 28,328 shares of the business’s stock in a transaction on Monday, June 8th. The shares were bought at an average price of C$4.77 per share, for a total transaction of C$135,124.56. Following the acquisition, the director owned 1,649,137 shares in the company, valued at C$7,866,383.49. This trade represents a 1.75% increase in their ownership of the stock. 15.19% of the stock is owned by corporate insiders.
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.
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