Standard Lithium (NYSEAMERICAN:SLI) Now Covered by Raymond James Financial

Raymond James Financial initiated coverage on shares of Standard Lithium (NYSEAMERICAN:SLI - Free Report) in a research note released on Friday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $2.75 price target on the stock.

Standard Lithium Trading Down 2.5%

SLI traded down $0.07 on Friday, reaching $2.78. The stock had a trading volume of 6,001,567 shares, compared to its average volume of 1,890,242. The business's 50-day moving average price is $1.83 and its two-hundred day moving average price is $1.58. Standard Lithium has a 12-month low of $1.07 and a 12-month high of $2.95. The company has a market cap of $539.15 million, a P/E ratio of -12.64 and a beta of 1.67.

Institutional Trading of Standard Lithium

Large investors have recently bought and sold shares of the business. Uniting Wealth Partners LLC purchased a new position in shares of Standard Lithium during the 4th quarter worth $31,000. Envestnet Asset Management Inc. acquired a new stake in Standard Lithium during the fourth quarter worth about $37,000. Sowell Financial Services LLC acquired a new stake in Standard Lithium during the first quarter worth about $35,000. Naviter Wealth LLC purchased a new position in Standard Lithium during the first quarter worth about $36,000. Finally, Hartree Partners LP purchased a new stake in shares of Standard Lithium in the 4th quarter valued at approximately $73,000. Hedge funds and other institutional investors own 16.77% of the company's stock.

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.