Traders Buy Large Volume of Call Options on Standard Lithium (NYSEAMERICAN:SLI)

Standard Lithium Ltd. (NYSEAMERICAN:SLI) was the recipient of unusually large options trading on Tuesday. Stock traders acquired 5,760 call options on the company. This represents an increase of approximately 79% compared to the typical volume of 3,223 call options.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group lifted their price objective on shares of Standard Lithium from $5.00 to $7.50 and gave the company a “speculative buy” rating in a research note on Tuesday, October 21st. Roth Capital lowered their price target on shares of Standard Lithium from $6.00 to $5.50 and set a “buy” rating for the company in a report on Wednesday, November 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Standard Lithium in a research note on Thursday, October 23rd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $5.25.

Institutional Trading of Standard Lithium

Several large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd increased its stake in shares of Standard Lithium by 72.0% during the 3rd quarter. XTX Topco Ltd now owns 263,510 shares of the company’s stock worth $888,000 after purchasing an additional 110,280 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in Standard Lithium in the third quarter worth $317,000. Mercer Global Advisors Inc. ADV boosted its holdings in Standard Lithium by 12.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 102,990 shares of the company’s stock worth $347,000 after purchasing an additional 11,190 shares in the last quarter. Millennium Management LLC increased its position in Standard Lithium by 487.3% during the third quarter. Millennium Management LLC now owns 313,556 shares of the company’s stock worth $1,057,000 after buying an additional 260,169 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Standard Lithium by 2.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,641,489 shares of the company’s stock valued at $5,636,000 after buying an additional 33,540 shares in the last quarter. 16.70% of the stock is owned by institutional investors.

Standard Lithium Trading Up 3.4%

SLI opened at $4.60 on Thursday. The stock has a fifty day moving average price of $3.98 and a 200 day moving average price of $2.96. Standard Lithium has a 1 year low of $1.08 and a 1 year high of $6.40. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -20.91 and a beta of 1.74.

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.