Standard Lithium Ltd. (NYSE:SLI) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in shares of Standard Lithium Ltd. (NYSE:SLI) by 11.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,011,876 shares of the company’s stock after purchasing an additional 317,736 shares during the period. Van ECK Associates Corp owned about 1.74% of Standard Lithium worth $3,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Tidal Investments LLC acquired a new position in Standard Lithium during the first quarter valued at $363,000. 16.77% of the stock is owned by hedge funds and other institutional investors.

Standard Lithium Stock Down 1.7 %

SLI opened at $1.19 on Thursday. Standard Lithium Ltd. has a fifty-two week low of $1.05 and a fifty-two week high of $3.59. The firm has a fifty day moving average price of $1.26. The stock has a market capitalization of $205.57 million, a PE ratio of -5.17 and a beta of 1.86.

Analysts Set New Price Targets

Separately, Roth Mkm decreased their target price on shares of Standard Lithium from $4.25 to $3.50 and set a “buy” rating for the company in a research report on Thursday, May 9th.

Standard Lithium Company Profile

Standard Lithium Ltd is a technology and lithium development company. Its flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction. Standard Lithium Ltd is based in Vancouver, Canada.