TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest update is out from Standard Lithium Ltd ( (TSE:SLI) ).
Standard Lithium Ltd. has successfully closed a $130 million underwritten public offering, selling 29,885,057 common shares at $4.35 each. The proceeds will be used to fund capital expenditures at its South West Arkansas and Franklin Projects, as well as for working capital and general corporate purposes. This financial move is expected to bolster the company’s operations and enhance its positioning in the lithium industry, potentially benefiting stakeholders by advancing its key projects towards commercial-scale production.
The most recent analyst rating on (TSE:SLI) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Standard Lithium Ltd stock, see the TSE:SLI Stock Forecast page.
Spark’s Take on TSE:SLI Stock
According to Spark, TipRanks’ AI Analyst, TSE:SLI is a Neutral.
Standard Lithium Ltd’s overall stock score reflects significant financial challenges, including lack of revenue and reliance on external funding. Despite this, strategic partnerships and technological advancements provide a cautiously optimistic outlook. Technical indicators suggest neutral to mild downward momentum, while recent corporate events highlight potential future growth.
To see Spark’s full report on TSE:SLI stock, click here.
More about Standard Lithium Ltd
Standard Lithium Ltd. is a leading near-commercial lithium development company focused on the sustainable development of large, high-grade lithium-brine properties in the United States. The company prioritizes projects with high-grade resources, robust infrastructure, skilled labor, and streamlined permitting, aiming to achieve commercial-scale lithium production through a scalable Direct Lithium Extraction and purification process. Its flagship projects are located in the Smackover Formation in Arkansas and Texas, in partnership with global energy leader Equinor.
Average Trading Volume: 368,197
Technical Sentiment Signal: Buy
Current Market Cap: C$1.2B
Find detailed analytics on SLI stock on TipRanks’ Stock Analysis page.