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

Standard Lithium Ltd. (NYSEAMERICAN:SLI) shares were up 1.2% during trading on Thursday . The stock traded as high as $1.28 and last traded at $1.25. Approximately 806,160 shares changed hands 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 1.2 %

The company has a market cap of $215.07 million, a P/E ratio of -5.66 and a beta of 1.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Soviero Asset Management LP increased its position in shares of Standard Lithium by 195.8% during the fourth quarter. Soviero Asset Management LP now owns 710,000 shares of the company’s stock worth $1,434,000 after acquiring an additional 470,000 shares in the last quarter. GeoSphere Capital Management LLC acquired a new position in Standard Lithium during the fourth quarter worth $1,212,000. Creekmur Asset Management LLC bought a new stake in Standard Lithium during the fourth quarter worth $93,000. Foster Group Inc. bought a new stake in Standard Lithium during the first quarter worth $27,000. Finally, International Assets Investment Management LLC lifted its stake in 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 last quarter. 16.77% of the stock is currently owned by institutional investors.

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.