Standard Lithium (NYSEAMERICAN:SLI) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Standard Lithium (NYSEAMERICAN:SLIGet Free Report) issued its earnings results on Thursday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03), MarketWatch Earnings reports.

Standard Lithium Stock Down 2.7 %

SLI opened at $1.42 on Friday. Standard Lithium has a twelve month low of $1.11 and a twelve month high of $4.85.

Institutional Investors Weigh In On Standard Lithium

A hedge fund recently raised its stake in Standard Lithium stock. Alps Advisors Inc. boosted its position in shares of Standard Lithium Ltd. (NYSEAMERICAN:SLIFree Report) by 54.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,685 shares of the company’s stock after purchasing an additional 9,789 shares during the period. Alps Advisors Inc.’s holdings in Standard Lithium were worth $78,000 at the end of the most recent reporting period. 17.87% of the stock is owned by institutional investors and hedge funds.

About Standard Lithium

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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.

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Earnings History for Standard Lithium (NYSEAMERICAN:SLI)

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