Standard Lithium Ltd. (NYSEAMERICAN:SLI - Get Free Report) gapped up before the market opened 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 traded.
Wall Street Analysts Forecast Growth
Separately, Raymond James Financial began coverage on Standard Lithium in a research report on Friday, July 11th. They set an "outperform" rating and a $2.75 price target on the stock.
Read Our Latest Stock Report on Standard Lithium
Standard Lithium Price Performance
The stock has a 50-day simple moving average of $1.93 and a 200 day simple moving average of $1.61. The company has a market capitalization of $523.64 million, a PE ratio of -12.27 and a beta of 1.67.
Institutional Trading of Standard Lithium
Several institutional investors and hedge funds have recently made changes to their positions in SLI. Uniting Wealth Partners LLC purchased a new position in Standard Lithium during the fourth quarter worth about $31,000. Sowell Financial Services LLC purchased a new position 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. Envestnet Asset Management Inc. purchased a new position in Standard Lithium during the fourth quarter worth about $37,000. Finally, MBA Advisors LLC lifted its position in Standard Lithium by 28.3% during the second quarter. MBA Advisors LLC now owns 29,500 shares of the company's stock worth $58,000 after buying an additional 6,500 shares during the period. 16.77% 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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