Van ECK Associates Corp Sells 2,846,967 Shares of Standard Lithium Ltd. $SLI

Key Points

• VanECK reduced its Standard Lithium stake by 15.2% in the second quarter, selling 2,846,967 shares. It still held 15,935,383 shares, representing approximately 6.47% of the company and valued at $43.8 million.
• Other institutional investors were buyers, including Amundi, which increased its position by 64.9%, and Walleye Capital, which boosted its stake by 49.9%. Hedge funds and institutional investors collectively owned 16.7% of Standard Lithium.
• Standard Lithium shares opened at $2.55, with a one-year trading range of $1.91 to $6.40 and a market capitalization of about $628 million. The company is developing direct lithium extraction technology at its Arkansas project in collaboration with LANXESS.

Van ECK Associates Corp decreased its holdings in Standard Lithium Ltd. (NYSEAMERICAN:SLI - Free Report) by 15.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,935,383 shares of the company's stock after selling 2,846,967 shares during the period. Van ECK Associates Corp owned about 6.47% of Standard Lithium worth $43,776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Amundi increased its stake in Standard Lithium by 64.9% in the 1st quarter. Amundi now owns 1,779,555 shares of the company's stock worth $6,068,000 after buying an additional 700,555 shares during the period. Encompass Capital Advisors LLC purchased a new stake in Standard Lithium in the 4th quarter valued at about $36,000,000. Walleye Capital LLC boosted its position in Standard Lithium by 49.9% in the 1st quarter. Walleye Capital LLC now owns 733,391 shares of the company's stock valued at $2,501,000 after buying an additional 244,115 shares during the period. Millennium Capital Advisors LLC bought a new position in Standard Lithium in the 4th quarter worth about $1,060,000. Finally, International Assets Investment Management LLC grew its stake in Standard Lithium by 2.0% in the 4th quarter. International Assets Investment Management LLC now owns 286,650 shares of the company's stock worth $1,281,000 after acquiring an additional 5,600 shares in the last quarter. 16.70% of the stock is owned by hedge funds and other institutional investors.

Standard Lithium Stock Performance

Shares of NYSEAMERICAN:SLI opened at $2.55 on Friday. The firm's 50 day simple moving average is $2.44 and its 200-day simple moving average is $3.37. Standard Lithium Ltd. has a one year low of $1.91 and a one year high of $6.40. The firm has a market cap of $628.35 million, a PE ratio of -12.75 and a beta of 1.83.

Standard Lithium Profile

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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