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Tag: SLI stock

  • Standard Lithium Ltd. (SLI) Stock Rebounds in Premarket, Here’s What Happened.

    Standard Lithium Ltd. (SLI) Stock Rebounds in Premarket, Here’s What Happened.

    Standard Lithium Ltd. (SLI) is a novel lithium development enterprise. The flagship project of the company is focused on the verification of the commercial feasibility of the extraction of lithium. The Company operates an industrial-level direct lithium extraction demonstration plant that utilizes the exclusive LiSTR technology.

    The price of SLI stock during the regular trading on February 3, 2022 was $5.29 with a 27.2% decline. At last check in the premarket on February 4, 2022, the stock jumped by 11.1%.

    SLI: Events and Happenings

    On February 03, 2022, SLI issued a statement, responding to the misleading report from Hindenburg Research. The company maintains that the report clearly benefitted Hindenburg Research, which disclosed that SLI stands to profit in the event that its price of stock declines. The company also cautioned the investors to consult its SEC filings before making investment decisions.

    On January 25, 2022, SLI signed an LOI with Koch Minerals and Trading for the acquisition of lithium off-take and obtaining the crucial raw materials. A market-based pricing mechanism is developed after the deal to obtain lithium hydroxide. On January 20, 2022, SLI updated on the developments of its crucial pipeline projects. On January 06, 2022, SLI’s management presented at the Virtual Bank of America Securities Battery and Storage Conference on January 10, 2022.

    On December 15, 2021, SLI informed about signing the LOI with Koch Engineered Solutions to help with pre-front end engineering strategy at its planned pioneer commercial project. On December 01, 2021, SLI informed that KIG’s subsidiary had accomplished a $100 million investment in the company via direct private placement. The investment will support the developmental goals of the company.

    SLI: Key Financials

    On November 12, 2021, SLI released its financial results for the quarter ended September 30, 2021. Some of the key updates are as follows.

    Assets

    Total current assets in the quarter were recorded to be Canadian $26 million.

    EPS

    Net Loss in the quarter of 2021 was reported to be Canadian $9.35 million compared to Canadian $2.78 million in the same period in 2020. The company missed the estimated EPS by USD0.02 as assessed by the financial experts.

    Conclusion

    SLI stock outperformed in the previous year by a big margin of 70%. The company’s stock plunged in the regular trading and then afterwards, the stock rebound in the premarket due to the recent release by the company commenting on the short-seller report. The company’s management was optimistic that the investors will not trust the false allegations and will put their trust in the company’s policies.

  • Standard Lithium Ltd. (SLI) Stock Bouncing Back After an Abysmal Thursday

    Standard Lithium Ltd. (SLI), a company that explores for, develops, and processes lithium brine properties, has surged 8.36% in the premarket trading session. As a result, SLI stock is trading at $8.68 at the time of the writing. On Thursday, SLI closed the day at $8.01 after plummeting 18.84% during regular trading hours. The plunge was attributable to the allegations of short selling against the company.

    Why SLI Dipped on Thursday?

    On Thursday, numerous law firms commenced investigations against SLI for possible violations of security laws. Blue Orca Capital issued a research report on 18th November 2021. The report alleged that the claims of Standard Lithium to have 90% extraction rates of battery-grade lithium at its Arkansas demonstration plant have no evidence which could back up the claims. The report further alleged that production data submitted by the company to Arkansas Oil & Gas Commission depicts that the plant is attaining a minimal fraction of the project’s recovery rate.

    FY 2021 Financial Results

    On 28th October, SLI released the annual financial results for the fiscal year 2021. The quarter ended on 30th June 202. The company had cash of $27.98 million on 30th June 2021. The company suffered a loss of $25.26 million from the operations during the period against $9.29 million for the fiscal year 2020. The comprehensive loss bore by the company during the period was $29.9 million (or $0.21 per basic and diluted share) against $7.59 million (or $0.11 per basic and diluted share) for the same period of 2020.

    Business Highlights

    Alongside the financial results, SLI also reported the business highlights of the quarter. The company enrolled Francis R. Fannon as a strategic advisor during April. It commenced work on a PEA on its South-West Arkansas Project during the early days of May. Besides, during June, they announced the election of LANXESS for the early conversion in full of the Loan. It also reorganized some of its Canadian subsidiaries during June.

    Future Outlook for SLI

    During the last 6 months, SLI stock has gained more than 140% based on excellent annual results. But these recent allegations of security law violations could prove to be a setback for the company in the long run. Hence, potential investors should keep a close eye on the fluctuations of SLI stock.

  • Why Standard Lithium Ltd. (SLI) stock is Popping High in Current Market today?

    Why Standard Lithium Ltd. (SLI) stock is Popping High in Current Market today?

    Standard Lithium Ltd. (SLI) stock announced the appointment of Dr. Volker Berl to the board of directors after which the SLI stock price popped high by 15.16% to reach $5.47 a share as of this writing. The trading volume for today at the time of this writing was 1,278,671. SLI stock was down by 7.77% at the previous closing. Let’s deep dive to explore more of it.

    What’s Happening?

    Standard Lithium Ltd is engaged in the development and processing of lithium brine properties in the United States of America. The stock today reported that it has appointed Dr. Volker Berl as an independent director of Standard Lithium Ltd. Berl is an experienced professional having deep knowledge of the chemical industry and profound experience in institutional capital markets. He is the founder and Chief Executive Officer of New Age Ventures.

    As a result of the appointment, Standard Lithium granted 22,500 performance share units, 7,500 restricted share units, and 200,000 incentive stock options to Dr. Volker Berl. The PSUs will be vested after achieving the performance milestones as described in the SLI’s news release of January 18, 2021. The RSUs will be vested quarterly in four equal parts in a time period of twelve months. The first part will be vested on September 30, 2021. The options will be vested immediately and exercisable till July 19, 2026, at an exercise price of $6.08.

    Previous Activity by SLI stock:

    On July 15, 2021, SLI stock did announce that it has delivered its ‘SiFT’ lithium carbonate plant to the El Dorado Arkansas project site. The site is located at LANXESS South Plant facility. Several truck-loads of the modular plant had been sent to the site. It was also reported that the installation team will install a weatherproof structure on the site and then it can or will be hydraulically integrated.

    Wrap Up:

    Investors are responding positively to the recent announcement by SLI stock related to the appointment of Dr. Volker Berl. The stock has a market cap of 675.502 million and the average trading volume is 421,037. In a nutshell, it is much better to analyze fundamentals as well as future growth before adding this stock to the portfolio.