Shares of Standard Lithium Ltd. (NYSEAMERICAN:SLI - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $2.61, but opened at $2.72. Standard Lithium shares last traded at $2.66, with a volume of 332,378 shares.
Wall Street Analysts Forecast Growth
Separately, Raymond James Financial began coverage on shares of Standard Lithium in a report on Friday, July 11th. They set an "outperform" rating and a $2.75 price target on the stock.
View Our Latest Report on SLI
Standard Lithium Price Performance
The firm has a market capitalization of $512.00 million, a P/E ratio of -12.00 and a beta of 1.67. The stock's 50 day moving average is $1.95 and its two-hundred day moving average is $1.61.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in SLI. Koch Inc. acquired a new stake in Standard Lithium in the fourth quarter valued at $19,681,000. Renaissance Technologies LLC acquired a new stake in Standard Lithium in the 4th quarter worth about $964,000. Concentric Capital Strategies LP bought a new position in Standard Lithium in the 4th quarter valued at about $752,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Standard Lithium during the 1st quarter valued at approximately $435,000. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of Standard Lithium during the 4th quarter valued at approximately $292,000. Institutional investors and hedge funds own 16.77% of the company's stock.
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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