Robert Melvin Douglas Cross Sells 25,000 Shares of Standard Lithium (CVE:SLI) Stock

Standard Lithium Ltd. (CVE:SLI) Director Robert Melvin Douglas Cross sold 25,000 shares of the company’s stock in a transaction on 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 owned 26,401 shares of the company’s stock, valued at C$144,149.46. This trade represents a 48.64% decrease in their ownership of the stock.

Standard Lithium Price Performance

Shares of SLI stock opened at C$5.40 on Thursday. The company has a market capitalization of C$1.32 billion, a PE ratio of -23.48 and a beta of 1.00. The firm has a fifty day simple moving average of C$5.16 and a 200-day simple moving average of C$5.85. The company has a current ratio of 20.17, a quick ratio of 25.41 and a debt-to-equity ratio of 0.06. Standard Lithium Ltd. has a twelve month low of C$2.13 and a twelve month high of C$8.99.

Analysts Set New Price Targets

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