Standard Lithium (CVE:SLI) Trading Down 0.5% – Time to Sell?

Standard Lithium Ltd. (CVE:SLI)’s share price dropped 0.5% during mid-day trading on Monday . The stock traded as low as C$3.83 and last traded at C$3.96. 70,701 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 234,686 shares. The stock had previously closed at C$3.98.

Analyst Upgrades and Downgrades

Separately, Evercore upgraded shares of Standard Lithium to a “strong-buy” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company has a consensus rating of “Strong Buy”.

Standard Lithium Stock Down 0.5%

The firm has a market capitalization of C$965.68 million, a price-to-earnings ratio of -17.22 and a beta of 1.54. The firm has a fifty day moving average price of C$5.09 and a 200 day moving average price of C$5.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 25.41 and a current ratio of 20.17.

Insider Buying and Selling

In other news, Director Robert Melvin Douglas Cross sold 25,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of C$5.46, for a total value of C$136,500.00. Following the completion of the transaction, the director owned 26,401 shares in the company, valued at C$144,149.46. This trade represents a 48.64% decrease in their ownership of the stock. Also, Director David Park purchased 28,328 shares of Standard Lithium stock in a transaction on Monday, June 8th. The stock was acquired at an average cost of C$4.77 per share, for a total transaction of C$135,124.56. Following the acquisition, the director directly owned 1,649,137 shares of the company’s stock, valued at approximately C$7,866,383.49. This represents a 1.75% increase in their ownership of the stock. 15.19% of the stock is owned by insiders.

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. in December 2016. Standard Lithium Ltd. was incorporated in 1998 and is headquartered in Vancouver, Canada.