David Park Purchases 28,328 Shares of Standard Lithium (CVE:SLI) Stock

Standard Lithium Ltd. (CVE:SLI) Director David Park bought 28,328 shares of the stock in a transaction dated Monday, June 8th. The shares were purchased at an average cost of C$4.77 per share, for a total transaction of C$135,124.56. Following the completion of 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 Trading Up 0.4%

SLI stock opened at C$4.77 on Wednesday. The company’s 50-day simple moving average is C$5.15 and its 200-day simple moving average is C$5.84. The company has a quick ratio of 25.41, a current ratio of 20.17 and a debt-to-equity ratio of 0.06. Standard Lithium Ltd. has a 52-week low of C$2.25 and a 52-week high of C$8.99. The firm has a market cap of C$1.16 billion, a P/E ratio of -20.74 and a beta of 1.54.

Wall Street Analysts Forecast Growth

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