Standard Lithium (NYSEAMERICAN:SLI) Trading Down 4.2% – Should You Sell?

Standard Lithium Ltd. (NYSEAMERICAN:SLI)’s stock price fell 4.2% during mid-day trading on Monday . The company traded as low as $4.08 and last traded at $4.09. 394,771 shares were traded during mid-day 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 Analyst Weigh In

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

Standard Lithium Stock Up 1.7%

The stock has a fifty day moving average of $4.64 and a 200-day moving average of $4.22. The firm has a market capitalization of $998.77 million, a P/E ratio of -18.73 and a beta of 1.71.

Hedge Funds Weigh In On Standard Lithium

A number of institutional investors have recently modified their holdings of SLI. Van ECK Associates Corp bought a new stake in shares of Standard Lithium during the fourth quarter valued at approximately $69,461,000. Encompass Capital Advisors LLC bought a new position in Standard Lithium in the 4th quarter worth approximately $36,000,000. Invesco Ltd. raised its position in Standard Lithium by 15.2% in the 3rd quarter. Invesco Ltd. now owns 2,517,414 shares of the company’s stock worth $8,484,000 after purchasing an additional 331,995 shares during the last quarter. Burkehill Global Management LP acquired a new position in Standard Lithium during the 4th quarter worth $8,940,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Standard Lithium by 2.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,641,489 shares of the company’s stock valued at $5,636,000 after buying an additional 33,540 shares during the last quarter. 16.70% of the stock is owned by institutional investors.

About Standard Lithium

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.