Shares of Standard Lithium Ltd. (NYSEAMERICAN:SLI – Get Free Report) saw unusually-high trading volume on Monday . 876,658 shares traded hands during trading, a decline of 58% from the previous session’s volume of 2,067,975 shares.The stock last traded at $2.80 and had previously closed at $2.55.
Standard Lithium Stock Performance
The stock has a market cap of $662.84 million, a PE ratio of -13.45 and a beta of 1.83. The stock has a 50 day moving average of $2.44 and a two-hundred day moving average of $3.37.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of SLI. Aquatic Capital Management LLC bought a new position in Standard Lithium during the third quarter valued at approximately $26,000. State of Wyoming bought a new stake in Standard Lithium in the second quarter worth approximately $30,000. Bank of America Corp DE increased its stake in shares of Standard Lithium by 64.4% during the 2nd quarter. Bank of America Corp DE now owns 15,412 shares of the company’s stock worth $30,000 after purchasing an additional 6,040 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Standard Lithium during the 2nd quarter valued at $36,000. Finally, Themes Management Co LLC bought a new position in shares of Standard Lithium during the 1st quarter valued at $39,000. 16.70% of the stock is owned by institutional investors and hedge funds.
About Standard Lithium
Standard Lithium (NYSEAMERICAN: SLI) is a mineral exploration and development company focused on the extraction of lithium from sedimentary brine resources. Utilizing direct lithium extraction (DLE) processes, the company aims to deliver high-purity lithium carbonate and lithium hydroxide suitable for the battery and electric vehicle markets. Standard Lithium’s technology is designed to accelerate lithium recovery rates while minimizing environmental impact compared to traditional solar evaporation methods.
The company’s flagship project is located in the Smackover Formation of southern Arkansas, in collaboration with chemical producer LANXESS.
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