863,238 Shares in Standard Lithium Ltd. $SLI Purchased by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. purchased a new stake in Standard Lithium Ltd. (NYSEAMERICAN:SLI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 863,238 shares of the company’s stock, valued at approximately $2,909,000. Stanley Laman Group Ltd. owned approximately 0.45% of Standard Lithium as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Standard Lithium by 2.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,607,949 shares of the company’s stock worth $3,180,000 after purchasing an additional 37,474 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its position in Standard Lithium by 3.7% during the second quarter. Compagnie Lombard Odier SCmA now owns 466,700 shares of the company’s stock valued at $915,000 after purchasing an additional 16,700 shares during the last quarter. Jane Street Group LLC grew its stake in Standard Lithium by 285.5% in the 2nd quarter. Jane Street Group LLC now owns 349,477 shares of the company’s stock worth $685,000 after buying an additional 258,814 shares in the last quarter. Stephens Inc. AR grew its stake in Standard Lithium by 10.6% in the 2nd quarter. Stephens Inc. AR now owns 273,275 shares of the company’s stock worth $536,000 after buying an additional 26,270 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Standard Lithium by 40.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 165,783 shares of the company’s stock worth $325,000 after buying an additional 48,026 shares during the last quarter. Institutional investors own 16.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SLI shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Standard Lithium in a report on Thursday, October 23rd. Canaccord Genuity Group lifted their price target on Standard Lithium from $5.00 to $7.50 and gave the stock a “speculative buy” rating in a research note on Tuesday, October 21st. Finally, Roth Capital cut their price objective on Standard Lithium from $6.00 to $5.50 and set a “buy” rating for the company in a report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $5.25.

Standard Lithium Stock Up 6.9%

Shares of NYSEAMERICAN:SLI opened at $4.78 on Monday. The stock has a market cap of $1.14 billion, a PE ratio of -21.73 and a beta of 1.73. The company’s fifty day moving average is $4.19 and its 200 day moving average is $3.44. Standard Lithium Ltd. has a 52 week low of $1.08 and a 52 week high of $6.40.

About Standard Lithium

Standard Lithium (NYSEAMERICAN: SLI) is a mineral exploration and development company focused on the extraction of lithium from sedimentary brine resources. Utilizing direct lithium extraction (DLE) processes, the company aims to deliver high-purity lithium carbonate and lithium hydroxide suitable for the battery and electric vehicle markets. Standard Lithium’s technology is designed to accelerate lithium recovery rates while minimizing environmental impact compared to traditional solar evaporation methods.

The company’s flagship project is located in the Smackover Formation of southern Arkansas, in collaboration with chemical producer LANXESS.