Standard Lithium (CVE:SLI) Director Purchases C$135,124.56 in Stock

Standard Lithium Ltd. (CVE:SLI) Director David Park bought 28,328 shares of the stock in a transaction on Monday, June 8th. The shares were acquired at an average cost of C$4.77 per share, with a total value of C$135,124.56. Following the purchase, the director owned 1,649,137 shares of the company’s stock, valued at approximately C$7,866,383.49. This represents a 1.75% increase in their position.

Standard Lithium Stock Down 5.5%

Shares of CVE SLI opened at C$4.51 on Thursday. 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 cap of C$1.10 billion, a price-to-earnings ratio of -19.61 and a beta of 1.54. Standard Lithium Ltd. has a 12 month low of C$2.25 and a 12 month high of C$8.99. The stock has a 50-day moving average price of C$5.15 and a two-hundred day moving average price of C$5.84.

Analyst Upgrades and Downgrades

Separately, Evercore upgraded Standard Lithium to a “strong-buy” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Standard Lithium currently has a consensus rating of “Strong Buy”.

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.