Meriwether Wealth & Planning LLC Purchases Shares of 32,278 Standard Lithium Ltd. (NYSE:SLI)

Meriwether Wealth & Planning LLC purchased a new stake in shares of Standard Lithium Ltd. (NYSE:SLI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 32,278 shares of the company’s stock, valued at approximately $47,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SLI. Simmons Bank boosted its stake in shares of Standard Lithium by 29.4% during the 3rd quarter. Simmons Bank now owns 56,476 shares of the company’s stock worth $91,000 after acquiring an additional 12,840 shares in the last quarter. Nwam LLC bought a new stake in shares of Standard Lithium during the 3rd quarter worth $80,000. XTX Topco Ltd boosted its stake in shares of Standard Lithium by 18.0% during the 3rd quarter. XTX Topco Ltd now owns 73,429 shares of the company’s stock worth $118,000 after acquiring an additional 11,177 shares in the last quarter. Gainplan LLC boosted its stake in shares of Standard Lithium by 30.9% during the 4th quarter. Gainplan LLC now owns 28,875 shares of the company’s stock worth $42,000 after acquiring an additional 6,815 shares in the last quarter. Finally, Mustard Seed Financial LLC boosted its stake in shares of Standard Lithium by 33.2% during the 4th quarter. Mustard Seed Financial LLC now owns 88,428 shares of the company’s stock worth $129,000 after acquiring an additional 22,062 shares in the last quarter. 16.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their price objective 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.

Standard Lithium Stock Down 6.1 %

Shares of Standard Lithium stock opened at $1.23 on Tuesday. The stock has a market cap of $212.48 million, a PE ratio of 2.08 and a beta of 1.70. The business has a fifty day simple moving average of $1.49 and a 200-day simple moving average of $1.62. Standard Lithium Ltd. has a 12 month low of $1.05 and a 12 month high of $2.64.

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.