Standard Lithium (CVE:SLI) Insider Buys C$73,650.00 in Stock

Standard Lithium Ltd. (CVE:SLI) insider James Andrew Charles Robinson bought 15,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of C$4.91 per share, with a total value of C$73,650.00. Following the purchase, the insider directly owned 3,292,701 shares of the company’s stock, valued at approximately C$16,167,161.91. This trade represents a 0.46% increase in their position.

Standard Lithium Price Performance

Shares of SLI opened at C$4.51 on Thursday. Standard Lithium Ltd. has a fifty-two week low of C$2.25 and a fifty-two week high of C$8.99. The company has a market capitalization of C$1.10 billion, a price-to-earnings ratio of -19.61 and a beta of 1.54. The firm has a 50-day simple moving average of C$5.15 and a 200-day simple moving average of C$5.84. 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 Analyst Weigh In

Separately, Evercore upgraded shares of 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.com, the company currently has an average 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.