Traders Purchase Large Volume of Standard Lithium Call Options (NYSE:SLI)

Standard Lithium Ltd. (NYSE:SLI - Get Free Report) saw some unusual options trading activity on Tuesday. Stock investors purchased 3,068 call options on the stock. This is an increase of approximately 1,152% compared to the typical volume of 245 call options.

Hedge Funds Weigh In On Standard Lithium

Institutional investors have recently added to or reduced their stakes in the company. Gainplan LLC raised its position in shares of Standard Lithium by 30.9% in the 4th quarter. Gainplan LLC now owns 28,875 shares of the company's stock valued at $42,000 after purchasing an additional 6,815 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Standard Lithium by 7.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 117,757 shares of the company's stock valued at $150,000 after acquiring an additional 8,340 shares during the last quarter. LPL Financial LLC grew its holdings in Standard Lithium by 11.2% during the 4th quarter. LPL Financial LLC now owns 85,261 shares of the company's stock worth $124,000 after acquiring an additional 8,584 shares in the last quarter. Simmons Bank grew its holdings in Standard Lithium by 17.7% during the 4th quarter. Simmons Bank now owns 66,476 shares of the company's stock worth $97,000 after acquiring an additional 10,000 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in shares of Standard Lithium in the 4th quarter worth about $29,000. Institutional investors and hedge funds own 16.77% of the company's stock.

Standard Lithium Stock Down 2.5 %

Shares of SLI traded down $0.04 during mid-day trading on Friday, reaching $1.56. 1,931,583 shares of the stock traded hands, compared to its average volume of 1,533,985. The stock has a fifty day simple moving average of $1.32 and a 200 day simple moving average of $1.59. Standard Lithium has a 12-month low of $1.07 and a 12-month high of $2.64. The firm has a market cap of $302.54 million, a price-to-earnings ratio of 2.64 and a beta of 1.64.

Standard Lithium Company Profile

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.