Gainplan LLC Purchases 6,815 Shares of Standard Lithium Ltd. (NYSE:SLI)

Gainplan LLC increased its position in Standard Lithium Ltd. (NYSE:SLI) by 30.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,875 shares of the company’s stock after acquiring an additional 6,815 shares during the period. Gainplan LLC’s holdings in Standard Lithium were worth $42,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MBA Advisors LLC bought a new stake in shares of Standard Lithium in the third quarter worth approximately $37,000. Nwam LLC purchased a new stake in Standard Lithium in the third quarter worth approximately $80,000. Simmons Bank grew its position in Standard Lithium by 29.4% in the 3rd quarter. Simmons Bank now owns 56,476 shares of the company’s stock worth $91,000 after purchasing an additional 12,840 shares during the period. XTX Topco Ltd bought a new stake in Standard Lithium in the 2nd quarter worth approximately $78,000. Finally, Renaissance Technologies LLC raised its stake in Standard Lithium by 765.9% during the 2nd quarter. Renaissance Technologies LLC now owns 286,609 shares of the company’s stock valued at $358,000 after buying an additional 253,509 shares during the last quarter. 16.77% of the stock is owned by institutional investors.

Standard Lithium Stock Down 6.7 %

NYSE SLI opened at $1.53 on Tuesday. The company has a 50-day moving average price of $1.67 and a 200-day moving average price of $1.56. Standard Lithium Ltd. has a 52 week low of $1.05 and a 52 week high of $2.64. The firm has a market capitalization of $264.31 million, a P/E ratio of 2.59 and a beta of 1.67.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their price target on Standard Lithium from $3.90 to $4.40 and gave the stock a “speculative buy” rating in a research note on Monday, November 25th.

About Standard Lithium

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.