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

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

Standard Lithium Price Performance

CVE SLI opened at C$4.77 on Wednesday. Standard Lithium Ltd. has a 12 month low of C$2.25 and a 12 month high of C$8.99. The stock has a market cap of C$1.16 billion, a price-to-earnings ratio of -20.74 and a beta of 1.54. The company’s 50 day moving average is C$5.15 and its two-hundred day moving average is C$5.84. The company has a current ratio of 20.17, a quick ratio of 25.41 and a debt-to-equity ratio of 0.06.

Wall Street Analysts Forecast Growth

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 data from MarketBeat.com, Standard Lithium has an average 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.