Standard Lithium Ltd. (NYSEAMERICAN:SLI - Get Free Report) rose 7.4% during mid-day trading on Monday . The company traded as high as $1.89 and last traded at $1.88. Approximately 2,294,964 shares changed hands during mid-day trading, an increase of 28% from the average daily volume of 1,791,729 shares. The stock had previously closed at $1.75.
Standard Lithium Stock Down 2.6%
The firm has a market capitalization of $366.35 million, a PE ratio of -8.59 and a beta of 1.62. The business's 50-day moving average price is $1.59 and its 200-day moving average price is $1.61.
Institutional Trading of Standard Lithium
A number of institutional investors have recently bought and sold shares of SLI. Koch Inc. bought a new position in shares of Standard Lithium during the 4th quarter valued at $29,951,000. Renaissance Technologies LLC bought a new stake in Standard Lithium in the fourth quarter worth $964,000. Concentric Capital Strategies LP acquired a new position in Standard Lithium during the fourth quarter worth $752,000. Y Intercept Hong Kong Ltd bought a new position in Standard Lithium during the first quarter valued at about $435,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of Standard Lithium in the fourth quarter worth about $292,000. 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.
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