Standard Lithium Sees Unusually High Options Volume (NYSEAMERICAN:SLI)

Standard Lithium Ltd. (NYSEAMERICAN:SLI) was the recipient of some unusual options trading on Monday. Traders bought 17,623 call options on the stock. This is an increase of 350% compared to the average daily volume of 3,920 call options.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Standard Lithium

A number of institutional investors have recently modified their holdings of the company. Aquatic Capital Management LLC bought a new stake in shares of Standard Lithium during the 3rd quarter worth $26,000. HBK Sorce Advisory LLC bought a new stake in Standard Lithium during the third quarter valued at about $41,000. Banque Cantonale Vaudoise acquired a new stake in shares of Standard Lithium in the third quarter valued at about $44,000. Pinion Investment Advisors LLC acquired a new stake in shares of Standard Lithium in the third quarter valued at about $45,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Standard Lithium during the 2nd quarter worth about $27,000. Institutional investors own 16.70% of the company’s stock.

Standard Lithium Trading Up 2.5%

SLI stock opened at $5.26 on Wednesday. The firm has a market cap of $1.26 billion, a PE ratio of -23.91 and a beta of 1.73. The company has a fifty day simple moving average of $4.38 and a 200 day simple moving average of $3.60. Standard Lithium has a 1 year low of $1.08 and a 1 year high of $6.40.

About Standard Lithium

Standard Lithium (NYSEAMERICAN: SLI) is a mineral exploration and development company focused on the extraction of lithium from sedimentary brine resources. Utilizing direct lithium extraction (DLE) processes, the company aims to deliver high-purity lithium carbonate and lithium hydroxide suitable for the battery and electric vehicle markets. Standard Lithium’s technology is designed to accelerate lithium recovery rates while minimizing environmental impact compared to traditional solar evaporation methods.

The company’s flagship project is located in the Smackover Formation of southern Arkansas, in collaboration with chemical producer LANXESS.