Standard Lithium (CVE:SLI) Reaches New 12-Month Low – Time to Sell?

Standard Lithium Ltd. (CVE:SLI) hit a new 52-week low on Friday. The stock traded as low as C$2.51 and last traded at C$2.53, with a volume of 103871 shares traded. The stock had previously closed at C$2.55.

Wall Street Analysts Forecast Growth

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

Standard Lithium Stock Down 1.6%

The company’s fifty day moving average price is C$3.14 and its 200-day moving average price is C$4.17. The stock has a market cap of C$619.43 million, a P/E ratio of -11.41 and a beta of 1.63. The company has a debt-to-equity ratio of 0.06, a quick ratio of 25.41 and a current ratio of 20.17.

Insider Transactions at Standard Lithium

In other Standard Lithium news, Director David Park bought 52,838 shares of the company’s stock in a transaction on Wednesday, September 30th. The stock was acquired at an average price of C$2.59 per share, for a total transaction 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 approximately C$4,408,115.25. This represents a 3.20% increase in their ownership of the stock. 15.19% of the stock is currently owned by insiders.

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.