Standard Lithium (CVE:SLI) Stock: Insider David Park Acquires 52,838 Shares

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

Standard Lithium Stock Down 2.7%

CVE SLI traded down C$0.07 during trading hours on Thursday, reaching C$2.56. 61,296 shares of the company’s stock traded hands, compared to its average volume of 227,109. Standard Lithium Ltd. has a 52-week low of C$2.52 and a 52-week high of C$8.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 20.17 and a quick ratio of 25.41. The firm has a 50-day simple moving average of C$3.15 and a 200 day simple moving average of C$4.20. The firm has a market cap of C$631.77 million, a PE ratio of -11.64 and a beta of 1.63.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded Standard Lithium to a “hold” rating and set a C$2.90 price target 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, Standard Lithium presently has an average rating of “Buy” and a consensus target price of C$2.90.

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.