Standard Lithium (SLI -3.01%) stock crashed this morning, plummeting 15.4% as of 10:58 a.m. ET Thursday thanks to a scathing short-seller attack. So what Standard Lithium doesn't mine lithium but uses a technology called LiSTR to directly extract lithium from brine.
Full Answer
Why did standard Lithium stock drop on Monday?
Oct 18, 2021 · Aside from fears about how high can Standard Lithium shares go, there seemed to be no plausible explanation to the lithium stock's sudden Monday drop, especially on a day when two large global...
Is it standard Lithium's fault that its stock is down?
Aug 17, 2021 · Shares of Canada-based U.S. lithium mining company Standard Lithium ( SLI -3.01% ) crashed on Tuesday and were down 11% as of 10:05 a.m. EDT. It is the stock's fourth straight decline since...
Can lithium stocks deliver on the long-term hype?
Nov 18, 2021 · A short-seller just called Standard Lithium a classic penny stock. What happened Standard Lithium ( SLI -3.01% ) stock crashed this morning, plummeting 15.4% as of 10:58 a.m. ET Thursday thanks to...
Is the lithium rally making some investors jittery?
Nov 23, 2021 · The lithium stock continues to face the heat from a short-seller. What happened Standard Lithium ( SLI -4.43% ) continued its rocky ride, crashing on Monday after a choppy last week. As of 2:30...
Is SLI a good stock to buy?
Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $8.31.
Why is standard lithium going down?
The U.S.-listed shares of Canadian company Standard Lithium Ltd. slid 22% Thursday, after short seller Hindenburg Research published a report alleging the company's technology does not work and that's it's seeking to profit from the hype around lithium batteries for electric vehicles.Feb 3, 2022
Will standard lithium recover?
Standard Lithium expected LiSTR technology to increase lithium recovery efficiencies to more than 90%. During the class period, defendants reaffirmed a 90% recovery rate, and failed to disclose that it had overstated the LiSTR technology's extraction recovery efficiencies.Feb 1, 2022
Is standard lithium a buy?
Standard Lithium Ltd finds support from accumulated volume at $5.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. Our recommended stop-loss: $5.54 (-4.00%) (This stock has low daily movements and this gives low risk.
How do I buy standard lithium stock?
You can buy or sell shares of Standard Lithium's common stock through any registered broker dealer. The company does not offer a direct purchase plan.Feb 24, 2022
Where does Tesla get its lithium?
Until the great idea comes to finalization, Tesla is sourcing its lithium from China's Ganfeng Lithium Co Ltd. Ganfeng is the world's top lithium company when it comes to market capitalization. Starting from 2022, the company will provide lithium batteries to Tesla for three years.Nov 15, 2021
Who owns standard lithium?
Anthony Alvaro. Mr. Alvaro is a co-founder of Standard Lithium, has over two decades working primarily in the international capital markets. The breadth of his capital markets experience includes roles within wealth management, corporate finance, institutional sales, M&A, venture capital and private equity.Feb 24, 2022
Does standard lithium pay dividends?
STANDARD LITHIUM (NYSEMKT: SLI) does not pay a dividend.
Is Lithium a good investment?
Investing in lithium could present buying opportunities as long as the investment fits in your long-term investing strategy and doesn't interfere with your risk tolerance. Market participants are observing that lithium is a valuable commodity for its variety of uses and its anticipated demand from electric vehicles.
What is the price target of Lac?
The 15 analysts offering 12-month price forecasts for Lithium Americas Corp have a median target of 39.50, with a high estimate of 44.00 and a low estimate of 23.75. The median estimate represents a +27.87% increase from the last price of 30.89.
Bank of America isn't particularly bullish on lithium prices
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of Canada-based U.S. lithium mining company Standard Lithium ( NYSEMKT:SLI) crashed on Tuesday and were down 11% as of 10:05 a.m. EDT. It is the stock's fourth straight decline since approaching a 52-week high early last week.
So what
In a report released Monday, Bank of America (NYSE: BAC) reiterated underperform ratings on two of the biggest names in lithium metal, Albemarle and Livent. The bank said both stocks are benefiting from "significant hype" regarding long-term demand for lithium metal, but according to the analyst, they may not be able to deliver on that hype.
Now what
What's worse, Bank of America says, is that while continued demand growth for lithium gets called into question, miners like Albemarle and Livent (and perhaps soon Standard Lithium as well) are investing heavily to increase lithium supply.
