Standard Lithium (CVE:SLI) Trading Down 4.4% – Should You Sell?

Shares of Standard Lithium Ltd. (CVE:SLI) traded down 4.4% on Monday . The stock traded as low as C$3.02 and last traded at C$3.05. 59,340 shares traded hands during trading, a decline of 74% from the average daily volume of 224,143 shares. The stock had previously closed at C$3.19.

Analyst Ratings Changes

Separately, Evercore upgraded 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 MarketBeat.com, Standard Lithium presently has a consensus rating of “Strong Buy”.

Standard Lithium Stock Performance

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 cap of C$743.77 million, a PE ratio of -13.26 and a beta of 1.64. The firm’s 50-day simple moving average is C$4.57 and its two-hundred day simple moving average is C$5.38.

Insider Transactions at Standard Lithium

In related news, Director Robert Melvin Douglas Cross sold 25,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of C$5.46, for a total value of C$136,500.00. Following the completion of the transaction, the director owned 26,401 shares in the company, valued at C$144,149.46. This trade represents a 48.64% decrease in their position. Also, Director David Park purchased 28,328 shares of the stock in a transaction on Monday, June 8th. The shares were purchased at an average cost of C$4.77 per share, with a total value of C$135,124.56. Following the transaction, the director owned 1,649,137 shares in the company, valued at C$7,866,383.49. This trade represents a 1.75% increase in their position. Insiders own 15.19% of the company’s stock.

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.