Standard Lithium (CVE:SLI) Trading Down 4.4% – What’s Next?

Standard Lithium Ltd. (CVE:SLI)’s stock price fell 4.4% on Monday . The stock traded as low as C$3.02 and last traded at C$3.05. 59,340 shares were traded during trading, a decline of 74% from the average session volume of 224,143 shares. The stock had previously closed at C$3.19.

Analyst Ratings Changes

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

Standard Lithium Stock Up 0.9%

The stock’s fifty day moving average price is C$4.51 and its 200-day moving average price is C$5.36. The company has a quick ratio of 25.41, a current ratio of 20.17 and a debt-to-equity ratio of 0.06. The company has a market capitalization of C$785.23 million, a price-to-earnings ratio of -14.00 and a beta of 1.64.

Insiders Place Their Bets

In other news, Director Robert Melvin Douglas Cross sold 25,000 shares of the stock in a transaction dated Friday, May 29th. The shares were 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 directly owned 26,401 shares in the company, valued at C$144,149.46. This represents a 48.64% decrease in their position. Also, insider James Andrew Charles Robinson purchased 15,000 shares of Standard Lithium stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average cost of C$4.91 per share, with a total value of C$73,650.00. Following the completion of the transaction, the insider directly owned 3,292,701 shares of the company’s stock, valued at approximately C$16,167,161.91. The trade was a 0.46% increase in their position. Insiders own 15.19% of the company’s stock.

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.