Standard Lithium (SLI 0.00%) 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
Will SLI ever be valued at $35 per share?
Nov 18, 2021 · Standard Lithium ( SLI 0.00% ) 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...
How much is SL Industries stock worth?
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...
Why did standard Lithium stock drop on Monday?
Mar 28, 2022 · All the SLI workers are going to get Polio from their brine pool before it can be proven successful at a commercial level, so this stock will …
Is it standard Lithium's fault that its stock is down?
Feb 03, 2022 · Shares of SLI stock are down over 17% after Hindenburg Research released a short report on the company. Standard Lithium is a …
Is SLI stock a good buy?
The financial health and growth prospects of SLI, demonstrate its potential to underperform the market. It currently has a Growth Score of D. Recent price changes and earnings estimate revisions indicate this stock lacks momentum and would be a lackluster choice for momentum investors.
Is SLI A Buy Sell or Hold?
The Standard Lithium Ltd. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. 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.
Why is standard lithium stock down?
Feb 3 (Reuters) - Short seller Hindenburg Research alleged on Thursday that Standard Lithium Inc's plan to produce lithium for electric vehicle batteries in Arkansas is based on technology that does not work, sending Standard's shares down 27% and erasing $305.7 million from the company's market value.Feb 3, 2022
Is standard lithium a good 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.
Is LAC a buy or sell?
Out of 6 analysts, 5 (83.33%) are recommending LAC as a Strong Buy, 1 (16.67%) are recommending LAC as a Buy, 0 (0%) are recommending LAC as a Hold, 0 (0%) are recommending LAC as a Sell, and 0 (0%) are recommending LAC as a Strong Sell.
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 +46.68% increase from the last price of 26.93.
What is the best lithium stock?
The Top 5 Lithium Stocks That Could ExplodeLithium Americas Corporation (LAC) – NYSE.Livent Corporation (LTHM) – NYSE.Sociedad Quimica y Minera (SQM) – NYSE.Albemarle Corporation (ALB) – NYSE.Piedmont Lithium (PLL) – NASDAQ.Mar 12, 2022
How much is lithium stock worth?
$ 26.88CloseChgChg %$26.93-0.70-2.53%
What is Lithium Americas Corp?
Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and Thacker Pass project located in north-western Nevada.
Why is lithium Americas stock going up?
Rising demand for lithium to make the batteries for electric vehicles (EVs) is the primary culprit. Demand for new EVs is growing so fast that forecasts for lithium demand are running ahead of forecasts for lithium supply -- and when demand exceeds supply, prices tend to go up.Mar 21, 2022
How do I buy lithium stock?
Investors can't directly invest in lithium since it isn't traded on a stock market exchange and there isn't a futures market with individual investor access. Long-term investors can invest in lithium producers' stocks directly and through exchange-traded funds.
A short-seller just called Standard Lithium a classic penny stock
A Fool since 2011, Neha has a keen interest in materials, industrials, and mining sectors. Her favorite pastime: Digging into 10Qs and 10Ks to pull out important information about a company and its operations that an investor may otherwise not know. Other days, you may find her decoding the big moves in stocks that catch her eye.
What happened
Standard Lithium ( NYSEMKT:SLI) 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. It has a couple of agreements to explore and extract lithium from brine, including one with Germany-based specialty chemicals company Lanxess. Standard Lithium is developing a 150,000-acre flagship project in south Arkansas with Lanxess.
Now what
While you should take short-seller reports with a grain of salt, I have called Standard Lithium a speculative stock multiple times in recent weeks, especially after its rally, because the company has yet to prove the viability of its brine-to-lithium technology.
Key Points
Standard Lithium shares tanked despite big developments in the electric vehicle industry.
NYSEMKT: SLI
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What happened
Lithium stock Standard Lithium ( SLI -1.09% ) tanked Monday afternoon, dropping as much as 11.6% by 2:30 p.m. EDT. There's one price point you'd want to note to understand why the lithium stock plunged: 14 Canadian dollars.
So what
Mid-last week, investment banking company Canaccord gave Standard Lithium stock a price target of CA$14 per share, up significantly from its previous price target of CA$9.25 a share, based on the company's preliminary assessment study for a lithium project released the previous day.
NYSEMKT: SLI
Standard Lithium shares soared after the analyst upgrade, hitting 52-week highs of CA$14 on Canada's Toronto Stock Exchange last Friday. And that's exactly the price point the stock started to reverse course from.
Now what
Investors who've bet on Standard Lithium shares so far have purely bet on its prospects as the company is still in the process of starting its first brine-to-lithium plant and is far from production yet. That makes the stock a risky bet, which means investors need to be able to stomach the volatility that comes with such stocks.
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REPEAT - Standard Lithium Comments on Short Seller Report
VANCOUVER, British Columbia, Feb. 04, 2022 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE: SLI) (FRA: S5L), is issuing the following statement in response to the false and misleading report (the “report”) from Hindenburg Research.
Standard Lithium Comments on Short Seller Report
VANCOUVER, British Columbia, Feb. 03, 2022 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE: SLI) (FRA: S5L), is issuing the following statement in response to the false and misleading report (the “report”) from Hindenburg Research.
SLI Stock: 8 Things to Know About the Hindenburg Report Slamming Standard Lithium
Today, Standard Lithium (NYSEMKT:SLI) is receiving increased attention, although not the good kind. Shares of SLI stock are down over 17% after Hindenburg Research released a short report on the company. Standard Lithium is a Canadian-based lithium tester and extractor.
About SL Industries
SL Industries, Inc., through its subsidiaries, designs, manufactures and markets power electronics, motion control, power protection and power quality electromagnetic equipment, and custom gears and gearboxes. The Company operates through three segments.
Headlines
STANDARD LITHIUM INVESTIGATION: Block & Leviton Is Investigating Standard Lithium Ltd. For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm
SL Industries (NYSEMKT:SLI) Frequently Asked Questions
2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SL Industries in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SL Industries stock. View analyst ratings for SL Industries or view top-rated stocks.
SLI stock is going up
The rise in SLI stock can be attributed to several factors. Many hedge funds have bet against Standard Lithium. According to Fintel, SLI's short volume ratio was 66 percent on Sep. 22. Retail investors on social media platforms have taken notice of that, and many investors are buying the shares now, expecting a short squeeze.
The news behind SLI stock's increase
On Sep. 1, Standard Lithium announced that it had completed the installation of a lithium carbonate plant at its El Dorado location. The modular, fully automated facility is based on the company's patented SiFT technology, which can create battery-grade lithium compounds with the highest purity (99.9 percent).
SLI stock is a good buy
Standard Lithium’s project in Arkansas has an initial capacity to produce 20,900 tons of battery-quality lithium chemicals, with a planned expansion to 70,000 tons per year. The company has entered a strategic partnership with specialty chemical company Lanxess.
The best lithium stocks to buy
Owing to EV demand, global lithium prices have been moving higher—good news for lithium stocks. Total lithium demand is set to reach 1 million tons by 2025, and Albemarle is its leading producer. The company anticipates a significant surge in its 2022 earnings given the lithium demand.
