Standard Lithium (NYSEAMERICAN:SLI) Shares Up 4.4% - Here's Why

Key Points

• Standard Lithium (SLI) shares rose 4.4% to $3.59 on Tuesday with 892,452 shares traded—about 67% below its average session volume—and the company has a market cap of $857.8 million.
• Wall Street sentiment is positive: SLI carries a consensus "Buy" rating with an average target of $5.25, including a Canaccord upgrade to $7.50 (speculative buy) and recent supportive notes from BMO and Roth.
• Standard Lithium develops U.S. lithium brine projects, led by its flagship ~150,000‑acre Lanxess project in southern Arkansas, and institutional investors own roughly 16.7% of the stock.

Standard Lithium Ltd. (NYSEAMERICAN:SLI - Get Free Report)'s stock price traded up 4.4% during trading on Tuesday . The company traded as high as $3.60 and last traded at $3.59. 892,452 shares were traded during trading, a decline of 67% from the average session volume of 2,698,478 shares. The stock had previously closed at $3.44.

Wall Street Analyst Weigh In

SLI has been the subject of several recent research reports. BMO Capital Markets reissued an "outperform" rating on shares of Standard Lithium in a research report on Thursday, October 23rd. Canaccord Genuity Group increased their price objective on Standard Lithium from $5.00 to $7.50 and gave the company a "speculative buy" rating in a research note on Tuesday, October 21st. Finally, Roth Capital cut their target price on shares of Standard Lithium from $6.00 to $5.50 and set a "buy" rating for the company in a research note on Wednesday, November 12th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $5.25.

Standard Lithium Trading Up 4.7%

The stock has a market capitalization of $857.81 million, a price-to-earnings ratio of -16.36 and a beta of 1.74. The business has a 50 day simple moving average of $3.72 and a 200-day simple moving average of $2.76.

Hedge Funds Weigh In On Standard Lithium

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Aquatic Capital Management LLC acquired a new position in shares of Standard Lithium in the 3rd quarter valued at $26,000. HBK Sorce Advisory LLC purchased a new position in shares of Standard Lithium in the 3rd quarter worth $41,000. Banque Cantonale Vaudoise acquired a new position in Standard Lithium in the third quarter valued at $44,000. Pinion Investment Advisors LLC acquired a new position in Standard Lithium in the third quarter valued at $45,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Standard Lithium during the second quarter valued at about $27,000. Institutional investors and hedge funds own 16.70% of the company's stock.

About Standard Lithium

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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