Standard Lithium Ltd. (NYSEAMERICAN:SLI - Get Free Report)'s share price traded up 5.1% during trading on Friday . The company traded as high as $2.93 and last traded at $2.87. 878,023 shares were traded during mid-day trading, a decline of 52% from the average session volume of 1,830,305 shares. The stock had previously closed at $2.73.
Analyst Ratings Changes
Separately, Raymond James Financial began coverage on shares of Standard Lithium in a research note on Friday. They set an "outperform" rating and a $2.75 target price for the company.
View Our Latest Report on SLI
Standard Lithium Price Performance
The firm has a market capitalization of $550.79 million, a P/E ratio of -12.91 and a beta of 1.67. The stock's 50 day moving average is $1.78 and its two-hundred day moving average is $1.58.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in SLI. Koch Inc. bought a new position in shares of Standard Lithium in the fourth quarter valued at about $19,681,000. Tidal Investments LLC raised its position in shares of Standard Lithium by 303.0% in the fourth quarter. Tidal Investments LLC now owns 251,666 shares of the company's stock valued at $367,000 after purchasing an additional 189,213 shares during the period. Compagnie Lombard Odier SCmA raised its position in shares of Standard Lithium by 50.0% in the first quarter. Compagnie Lombard Odier SCmA now owns 450,000 shares of the company's stock valued at $574,000 after purchasing an additional 150,000 shares during the period. Lighthouse Investment Partners LLC bought a new position in shares of Standard Lithium in the fourth quarter valued at about $292,000. Finally, Renaissance Technologies LLC bought a new position in Standard Lithium during the fourth quarter worth about $964,000. 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.
Further Reading
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