Standard Lithium (OTCMKTS:SLI) Trading Up 4%

Standard Lithium Ltd. (OTCMKTS:SLI - Get Free Report) shares shot up 4% on Tuesday . The stock traded as high as $1.17 and last traded at $1.17. 514,597 shares were traded during trading, a decline of 55% from the average session volume of 1,150,339 shares. The stock had previously closed at $1.12.Get Standard Lithium alerts:Wall Street Analysts Forecast GrowthSeparately, Roth Mkm lowered their price objective on Standard Lithium from $4.25 to $3.50 and set a "buy" rating for the company in a research note on Thursday, May 9th.Get Our Latest Report on SLIStandard Lithium Price PerformanceThe firm has a market capitalization of $201.26 million, a P/E ratio of -5.07 and a beta of 1.87. The firm's fifty day moving average price is $1.31 and its 200-day moving average price is $1.33. Hedge Funds Weigh In On Standard LithiumAn institutional investor recently raised its position in Standard Lithium stock. Van ECK Associates Corp lifted its stake in shares of Standard Lithium Ltd. (OTCMKTS:SLI - Free Report) by 13.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,694,140 shares of the company's stock after acquiring an additional 329,320 shares during the quarter. Van ECK Associates Corp owned 1.56% of Standard Lithium worth $3,179,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 16.77% of the company's stock. About Standard Lithium (Get Free Report)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.Featured StoriesFive stocks we like better than Standard LithiumHow to Read Stock Charts for BeginnersBuy On Holdings Stock Before the Market Catches Its Second Wind?What Are the U.K. Market Holidays? How to Invest and Trade3 High-Potential Stocks That Could Turn Into Multi-BaggersThe 3 Best Fintech Stocks to Buy NowCEO Swap: Starbucks Surges 22% on Hiring New CEO From ChipotleThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ 625,000% Gain (From Crypto Swap Profits) (Ad)Should you invest $1,000 in Standard Lithium right now?Before you consider Standard Lithium, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Standard Lithium wasn't on the list.While Standard Lithium currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here