Standard Lithium (CVE:SLI) Insider James Andrew Charles Robinson Buys 15,000 Shares

Standard Lithium Ltd. (CVE:SLI) insider James Andrew Charles Robinson purchased 15,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of C$4.91 per share, for a total transaction of C$73,650.00. Following the transaction, the insider owned 3,292,701 shares of the company’s stock, valued at C$16,167,161.91. This trade represents a 0.46% increase in their ownership of the stock.

Standard Lithium Stock Down 0.8%

Shares of CVE SLI traded down C$0.04 during mid-day trading on Monday, reaching C$4.75. 67,715 shares of the company’s stock were exchanged, compared to its average volume of 241,037. The firm has a market capitalization of C$1.16 billion, a price-to-earnings ratio of -20.65 and a beta of 1.54. The company has a current ratio of 20.17, a quick ratio of 25.41 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of C$5.15 and a 200 day simple moving average of C$5.85. Standard Lithium Ltd. has a twelve month low of C$2.25 and a twelve month high of C$8.99.

Analyst Ratings Changes

Separately, Evercore raised 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.com, the stock has a consensus rating of “Strong Buy”.

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.