Insider Buying: Standard Lithium (CVE:SLI) Director Acquires C$136,850.42 in Stock

Standard Lithium Ltd. (CVE:SLI) Director David Park purchased 52,838 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were purchased at an average price of C$2.59 per share, with a total value of C$136,850.42. Following the completion of the transaction, the director directly owned 1,701,975 shares of the company’s stock, valued at C$4,408,115.25. This represents a 3.20% increase in their position.

Standard Lithium Price Performance

CVE:SLI opened at C$2.48 on Friday. Standard Lithium Ltd. has a one year low of C$2.47 and a one year high of C$8.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 25.41 and a current ratio of 20.17. The stock has a 50 day moving average price of C$3.13 and a 200 day moving average price of C$4.16. The stock has a market cap of C$612.02 million, a PE ratio of -11.27 and a beta of 1.63.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised shares of Standard Lithium to a “hold” rating and set a C$2.90 target price on the stock in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Standard Lithium has an average rating of “Buy” and an average target price of C$2.90.

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.