Standard Lithium Ltd. (NYSEAMERICAN:SLI - Get Free Report)'s share 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.
Analysts Set New Price Targets
Separately, Raymond James Financial started coverage on Standard Lithium in a research note on Friday. They issued an "outperform" rating and a $2.75 price target on the stock.
Get Our Latest Analysis on SLI
Standard Lithium Price Performance
The business has a 50 day moving average of $1.78 and a 200 day moving average of $1.58. The firm has a market capitalization of $552.73 million, a price-to-earnings ratio of -12.95 and a beta of 1.67.
Hedge Funds Weigh In On Standard Lithium
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Uniting Wealth Partners LLC acquired a new position in shares of Standard Lithium during the fourth quarter worth approximately $31,000. Sowell Financial Services LLC acquired a new position in shares of Standard Lithium during the first quarter worth approximately $35,000. Naviter Wealth LLC acquired a new position in shares of Standard Lithium during the first quarter worth approximately $36,000. Envestnet Asset Management Inc. acquired a new position in shares of Standard Lithium during the fourth quarter worth approximately $37,000. Finally, Hartree Partners LP acquired a new position in shares of Standard Lithium during the fourth quarter worth approximately $73,000. 16.77% of the stock is currently owned by institutional investors and hedge funds.
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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