Piedmont Lithium (NASDAQ:PLL) Trading 3.9% Higher

Piedmont Lithium Inc. (NASDAQ:PLLGet Rating) traded up 3.9% during mid-day trading on Friday . The stock traded as high as $40.10 and last traded at $40.08. 759 shares traded hands during trading, a decline of 100% from the average session volume of 528,041 shares. The stock had previously closed at $38.56.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PLL shares. Cowen started coverage on Piedmont Lithium in a research report on Monday, May 23rd. They issued an “outperform” rating and a $90.00 target price for the company. Cowen started coverage on Piedmont Lithium in a research report on Monday, May 23rd. They issued an “outperform” rating for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $96.00.

Piedmont Lithium Price Performance

The company has a fifty day simple moving average of $47.51 and a 200-day simple moving average of $55.51.

Piedmont Lithium (NASDAQ:PLLGet Rating) last posted its quarterly earnings results on Friday, May 6th. The mineral exploration company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.17). On average, equities research analysts forecast that Piedmont Lithium Inc. will post -1.28 EPS for the current fiscal year.

Insider Buying and Selling at Piedmont Lithium

In other news, CEO Keith D. Phillips sold 3,837 shares of the company’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $47.87, for a total value of $183,677.19. Following the transaction, the chief executive officer now directly owns 96,051 shares of the company’s stock, valued at $4,597,961.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Keith D. Phillips sold 3,837 shares of the company’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $47.87, for a total value of $183,677.19. Following the transaction, the chief executive officer now directly owns 96,051 shares of the company’s stock, valued at $4,597,961.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Keith D. Phillips sold 3,944 shares of the company’s stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $50.07, for a total transaction of $197,476.08. Following the completion of the sale, the chief executive officer now owns 101,544 shares of the company’s stock, valued at $5,084,308.08. The disclosure for this sale can be found here. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Piedmont Lithium

Large investors have recently bought and sold shares of the business. Oliver Lagore Vanvalin Investment Group bought a new stake in Piedmont Lithium during the first quarter valued at about $49,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Piedmont Lithium during the first quarter valued at about $21,398,000. Walleye Capital LLC boosted its holdings in Piedmont Lithium by 4.7% during the first quarter. Walleye Capital LLC now owns 15,708 shares of the mineral exploration company’s stock valued at $1,147,000 after acquiring an additional 711 shares during the period. EJF Capital LLC bought a new stake in Piedmont Lithium during the first quarter valued at about $1,095,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Piedmont Lithium by 80.2% during the first quarter. The Manufacturers Life Insurance Company now owns 20,275 shares of the mineral exploration company’s stock valued at $1,480,000 after acquiring an additional 9,025 shares during the period. 24.02% of the stock is currently owned by institutional investors.

Piedmont Lithium Company Profile

(Get Rating)

Piedmont Lithium Inc, an exploration stage company, engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Carolina Lithium Project that include an area of approximately 3,116 acres located within the Carolina Tin-Spodumene Belt situated to the west of Charlotte, North Carolina in the United States.

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