Insider Buying: Standard Lithium (CVE:SLI) Director Acquires 28,328 Shares of Stock

Standard Lithium Ltd. (CVE:SLI) Director David Park bought 28,328 shares of the stock in a transaction on Monday, June 8th. The shares were acquired at an average cost of C$4.77 per share, for a total transaction of C$135,124.56. Following the purchase, the director owned 1,649,137 shares in the company, valued at approximately C$7,866,383.49. This represents a 1.75% increase in their ownership of the stock.

Standard Lithium Stock Down 0.8%

CVE:SLI traded down C$0.04 on Monday, hitting C$4.75. 67,715 shares of the company’s stock traded hands, compared to its average volume of 241,037. The company has a current ratio of 20.17, a quick ratio of 25.41 and a debt-to-equity ratio of 0.06. Standard Lithium Ltd. has a 1 year low of C$2.25 and a 1 year high of C$8.99. The firm has a 50-day moving average price of C$5.15 and a 200-day moving average price of C$5.85. The company has a market cap of C$1.16 billion, a PE ratio of -20.65 and a beta of 1.54.

Analyst Upgrades and Downgrades

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

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