U S Global Investors Inc. Purchases New Position in Standard Lithium Ltd. (NYSE:SLI)

U S Global Investors Inc. acquired a new position in shares of Standard Lithium Ltd. (NYSE:SLI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 75,000 shares of the company’s stock, valued at approximately $110,000.

A number of other large investors have also added to or reduced their stakes in SLI. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Standard Lithium during the 4th quarter valued at approximately $29,000. Principal Securities Inc. acquired a new stake in Standard Lithium in the fourth quarter worth about $37,000. Gainplan LLC boosted its holdings in shares of Standard Lithium by 30.9% in the fourth quarter. Gainplan LLC now owns 28,875 shares of the company’s stock valued at $42,000 after acquiring an additional 6,815 shares in the last quarter. Nwam LLC bought a new stake in shares of Standard Lithium in the 3rd quarter worth $80,000. Finally, Simmons Bank boosted its position in shares of Standard Lithium by 29.4% during the 3rd quarter. Simmons Bank now owns 56,476 shares of the company’s stock valued at $91,000 after purchasing an additional 12,840 shares in the last quarter. 16.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their price target on shares of Standard Lithium from $3.90 to $4.40 and gave the company a “speculative buy” rating in a report on Monday, November 25th.

Standard Lithium Stock Performance

Shares of NYSE:SLI opened at $1.29 on Friday. The company has a market cap of $222.85 million, a P/E ratio of 2.19 and a beta of 1.67. Standard Lithium Ltd. has a 52-week low of $1.05 and a 52-week high of $2.64. The stock’s 50-day moving average is $1.53 and its 200-day moving average is $1.61.

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.