Standard Lithium Ltd. (NYSEAMERICAN:SLI - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $2.39, but opened at $2.50. Standard Lithium shares last traded at $2.61, with a volume of 992,413 shares traded.
Standard Lithium Price Performance
The company has a market capitalization of $529.46 million, a PE ratio of -12.41 and a beta of 1.67. The firm's 50 day moving average is $1.78 and its 200 day moving average is $1.58.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Koch Inc. bought a new stake in shares of Standard Lithium in the fourth quarter worth about $29,951,000. Renaissance Technologies LLC bought a new stake in Standard Lithium in the 4th quarter worth approximately $964,000. Concentric Capital Strategies LP bought a new stake in Standard Lithium in the 4th quarter worth approximately $752,000. Compagnie Lombard Odier SCmA raised its holdings in shares of Standard Lithium by 50.0% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 450,000 shares of the company's stock worth $574,000 after acquiring an additional 150,000 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Standard Lithium during the 1st quarter valued at approximately $435,000. 16.77% of the stock is currently owned by institutional investors.
About Standard Lithium
(
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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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