Stock Traders Purchase High Volume of Standard Lithium Call Options (NYSE:SLI)

Standard Lithium Ltd. (NYSE:SLI - Get Free Report) was the recipient of unusually large options trading on Tuesday. Traders acquired 3,068 call options on the stock. This represents an increase of approximately 1,152% compared to the average volume of 245 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Naviter Wealth LLC bought a new stake in shares of Standard Lithium in the first quarter valued at approximately $36,000. Sowell Financial Services LLC acquired a new position in Standard Lithium in the 1st quarter valued at $35,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Standard Lithium by 7.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 117,757 shares of the company's stock valued at $150,000 after acquiring an additional 8,340 shares during the period. Compagnie Lombard Odier SCmA grew its holdings in shares of Standard Lithium by 50.0% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 450,000 shares of the company's stock worth $574,000 after purchasing an additional 150,000 shares in the last quarter. Finally, Koch Inc. bought a new position in shares of Standard Lithium in the fourth quarter worth $19,681,000. Institutional investors and hedge funds own 16.77% of the company's stock.

Standard Lithium Stock Down 4.1 %

Shares of Standard Lithium stock traded down $0.07 during trading on Friday, reaching $1.54. The company's stock had a trading volume of 1,068,840 shares, compared to its average volume of 1,522,491. Standard Lithium has a 52 week low of $1.07 and a 52 week high of $2.64. The firm has a market cap of $297.69 million, a PE ratio of 2.58 and a beta of 1.64. The business's 50-day moving average price is $1.32 and its 200-day moving average price is $1.60.

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.