Standard Lithium (CVE:SLI) Upgraded by Jefferies Financial Group to “Hold” Rating

Jefferies Financial Group upgraded shares of Standard Lithium (CVE:SLI) to a hold rating in a report released on Wednesday morning,Zacks reports.

Standard Lithium Price Performance

CVE:SLI opened at C$3.32 on Wednesday. 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 company has a market capitalization of C$819.32 million, a P/E ratio of -15.09 and a beta of 1.61. Standard Lithium has a 12 month low of C$2.70 and a 12 month high of C$8.99. The business’s 50-day moving average is C$3.38 and its 200 day moving average is C$4.62.

Insider Activity at Standard Lithium

In other Standard Lithium news, insider James Andrew Charles Robinson purchased 15,000 shares of Standard Lithium stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of C$4.91 per share, for a total transaction of C$73,650.00. Following the completion of the transaction, the insider owned 3,292,701 shares of the company’s stock, valued at approximately C$16,167,161.91. This trade represents a 0.46% increase in their position. Also, Director David Park purchased 28,328 shares of Standard Lithium stock in a transaction that occurred on Monday, June 8th. The stock was acquired at an average price of C$4.77 per share, for a total transaction of C$135,124.56. Following the transaction, the director directly owned 1,649,137 shares of the company’s stock, valued at C$7,866,383.49. The trade was a 1.75% increase in their position. 15.19% of the stock is owned by corporate 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.