Insider Selling: Standard Lithium (CVE:SLI) Director Sells 25,000 Shares of Stock

Standard Lithium Ltd. (CVE:SLI) Director Robert Melvin Douglas Cross sold 25,000 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of C$5.46, for a total transaction of C$136,500.00. Following the completion of the sale, the director owned 26,401 shares in the company, valued at approximately C$144,149.46. This trade represents a 48.64% decrease in their position.

Standard Lithium Stock Up 5.2%

Shares of Standard Lithium stock traded up C$0.28 during trading on Tuesday, reaching C$5.68. The company had a trading volume of 64,783 shares, compared to its average volume of 244,152. The company has a market cap of C$1.39 billion, a price-to-earnings ratio of -24.70 and a beta of 1.00. The firm’s fifty day moving average is C$5.12 and its 200-day moving average is C$5.83. The company has a debt-to-equity ratio of 0.06, a quick ratio of 25.41 and a current ratio of 20.17. Standard Lithium Ltd. has a fifty-two week low of C$2.05 and a fifty-two week high of C$8.99.

Analysts Set New Price Targets

Separately, Evercore upgraded shares of 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 MarketBeat.com, Standard Lithium has an average 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.