Stock Traders Purchase High Volume of Standard Lithium Call Options (NYSEAMERICAN:SLI)

Key Points

• Traders bought an unusually large number of calls—5,760 call options, a 79% jump above the typical volume—indicating heightened bullish options activity in SLI.
• Analysts collectively rate the stock a Buy with a consensus price target of about $5.25, though individual targets diverge (Roth $5.50, Canaccord $7.50, BMO reiterated Outperform).
• Institutional buying has increased (Invesco boosted holdings to ~2.52M shares; Millennium and Jane Street also raised stakes), and the stock traded up 2.8% to $4.34 with a market cap around $1.03 billion.

Standard Lithium Ltd. (NYSEAMERICAN:SLI - Get Free Report) saw some unusual options trading on Tuesday. Stock investors bought 5,760 call options on the company. This is an increase of 79% compared to the typical volume of 3,223 call options.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BMO Capital Markets restated an "outperform" rating on shares of Standard Lithium in a research note on Thursday, October 23rd. Roth Capital reduced their price target on shares of Standard Lithium from $6.00 to $5.50 and set a "buy" rating for the company in a research report on Wednesday, November 12th. Finally, Canaccord Genuity Group raised their price objective on shares of Standard Lithium from $5.00 to $7.50 and gave the stock a "speculative buy" rating in a report on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Standard Lithium presently has an average rating of "Buy" and a consensus price target of $5.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SLI. Stanley Laman Group Ltd. purchased a new stake in Standard Lithium in the third quarter valued at approximately $2,909,000. Invesco Ltd. boosted its holdings in shares of Standard Lithium by 15.2% during the third quarter. Invesco Ltd. now owns 2,517,414 shares of the company's stock worth $8,484,000 after purchasing an additional 331,995 shares during the period. Millennium Management LLC increased its stake in shares of Standard Lithium by 487.3% during the third quarter. Millennium Management LLC now owns 313,556 shares of the company's stock valued at $1,057,000 after buying an additional 260,169 shares during the period. Jane Street Group LLC lifted its holdings in Standard Lithium by 285.5% in the second quarter. Jane Street Group LLC now owns 349,477 shares of the company's stock worth $685,000 after buying an additional 258,814 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Standard Lithium during the second quarter valued at approximately $300,000. 16.70% of the stock is owned by institutional investors.

Standard Lithium Trading Up 2.8%

Shares of Standard Lithium stock traded up $0.12 on Tuesday, reaching $4.34. The stock had a trading volume of 1,412,806 shares, compared to its average volume of 2,726,744. The business's 50 day moving average is $3.93 and its two-hundred day moving average is $2.93. Standard Lithium has a 1 year low of $1.08 and a 1 year high of $6.40. The company has a market cap of $1.03 billion, a P/E ratio of -19.73 and a beta of 1.74.

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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