Standard Lithium (NYSEAMERICAN:SLI - Get Free Report) was upgraded by equities research analysts at BMO Capital Markets to a "strong-buy" rating in a report issued on Wednesday, August 6th,Zacks.com reports.
Separately, Raymond James Financial initiated coverage on Standard Lithium in a report on Friday, July 11th. They issued an "outperform" rating and a $2.75 target price on the stock.
View Our Latest Research Report on Standard Lithium
Standard Lithium Trading Down 1.8%
NYSEAMERICAN:SLI traded down $0.05 on Wednesday, hitting $2.72. The company's stock had a trading volume of 1,185,297 shares, compared to its average volume of 1,903,020. The firm has a market capitalization of $527.52 million, a P/E ratio of -12.36 and a beta of 1.69. Standard Lithium has a one year low of $1.08 and a one year high of $3.05. The stock has a fifty day moving average of $2.27 and a two-hundred day moving average of $1.72.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd raised its stake in Standard Lithium by 942.5% in the second quarter. Quadrature Capital Ltd now owns 108,854 shares of the company's stock worth $213,000 after buying an additional 98,412 shares in the last quarter. XTX Topco Ltd bought a new position in Standard Lithium in the second quarter worth about $300,000. Nwam LLC raised its stake in Standard Lithium by 40.0% in the second quarter. Nwam LLC now owns 70,000 shares of the company's stock worth $137,000 after buying an additional 20,000 shares in the last quarter. Simmons Bank raised its stake in Standard Lithium by 40.3% in the second quarter. Simmons Bank now owns 93,236 shares of the company's stock worth $183,000 after buying an additional 26,760 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in Standard Lithium by 10.6% in the second quarter. Stephens Inc. AR now owns 273,275 shares of the company's stock worth $536,000 after buying an additional 26,270 shares in the last quarter. 16.70% of the stock is currently owned by hedge funds and other institutional investors.
About Standard Lithium
(
Get Free Report)
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.
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