Standard Lithium Ltd. (NYSEAMERICAN:SLI - Get Free Report) shares were up 1.2% during trading on Thursday . The company traded as high as $1.28 and last traded at $1.25. Approximately 806,160 shares were traded during trading, a decline of 25% from the average daily volume of 1,081,906 shares. The stock had previously closed at $1.23.
Standard Lithium Trading Up 8.7 %
The company has a market cap of $236.67 million, a P/E ratio of -6.23 and a beta of 1.81.
Institutional Investors Weigh In On Standard Lithium
Several hedge funds have recently bought and sold shares of SLI. GeoSphere Capital Management LLC acquired a new stake in shares of Standard Lithium during the 4th quarter valued at about $1,212,000. International Assets Investment Management LLC boosted its position in Standard Lithium by 3.7% during the first quarter. International Assets Investment Management LLC now owns 300,250 shares of the company's stock worth $348,000 after purchasing an additional 10,800 shares in the last quarter. Foster Group Inc. purchased a new stake in shares of Standard Lithium in the first quarter valued at approximately $27,000. Creekmur Asset Management LLC acquired a new position in shares of Standard Lithium during the 4th quarter worth approximately $93,000. Finally, Soviero Asset Management LP raised its stake in shares of Standard Lithium by 195.8% during the 4th quarter. Soviero Asset Management LP now owns 710,000 shares of the company's stock worth $1,434,000 after buying an additional 470,000 shares during the period. Hedge funds and other institutional investors own 16.77% of the company's stock.
Standard Lithium Company Profile
(
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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.
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