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

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

Standard Lithium Trading Down 0.8%

SLI traded down C$0.04 during trading on Monday, reaching C$4.75. The company had a trading volume of 67,715 shares, compared to its average volume of 241,037. The firm’s 50-day simple moving average is C$5.15 and its 200 day simple moving average is C$5.85. The company has a market cap of C$1.16 billion, a price-to-earnings ratio of -20.65 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 company has a debt-to-equity ratio of 0.06, a quick ratio of 25.41 and a current ratio of 20.17.

Wall Street Analysts Forecast Growth

Separately, Evercore raised Standard Lithium to a “strong-buy” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Standard Lithium has an average rating of “Strong Buy”.

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.