Standard Lithium (NYSEAMERICAN:SLI) Stock Price Up 1.2%

Shares of Standard Lithium Ltd. (NYSEAMERICAN:SLI) rose 1.2% during trading on Thursday . The stock traded as high as $1.28 and last traded at $1.25. Approximately 806,160 shares were traded during mid-day 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 Stock Performance

The stock has a market capitalization of $236.67 million, a PE ratio of -6.23 and a beta of 1.81.

Institutional Investors Weigh In On Standard Lithium

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Foster Group Inc. acquired a new position in shares of Standard Lithium in the 1st quarter valued at $27,000. Creekmur Asset Management LLC bought a new position in shares of Standard Lithium during the 4th quarter valued at about $93,000. International Assets Investment Management LLC grew its position in shares of Standard Lithium by 3.7% in the 1st quarter. International Assets Investment Management LLC now owns 300,250 shares of the company’s stock valued at $348,000 after purchasing an additional 10,800 shares during the period. GeoSphere Capital Management LLC bought a new stake in Standard Lithium during the 4th quarter worth approximately $1,212,000. Finally, Soviero Asset Management LP raised its holdings in 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. Institutional investors and hedge funds own 16.77% of the company’s stock.

Standard Lithium Company Profile

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.