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Stock impact report

Why Standard Lithium Plunged 25% Today [Yahoo! Finance]

Standard Lithium Ltd. Common Shares (SLI) 
NASDAQ:AMEX Investor Relations: annualreports.com/company/sl-industries-inc
Company Research Source: Yahoo! Finance
The company is taking advantage of the recent rally in U.S.-based critical materials stocks. The sales should come as a surprise to no one. 10 stocks we like better than Standard Lithium › Shares of Standard Lithium (NYSEMKT: SLI) plunged 27.9% on Friday as of 11:43 a.m. ET. Standard Lithium owns a large lithium mining operation spanning East Texas and Arkansas, and its stock has been the beneficiary of the government's recent focus on bolstering domestic sources of critical materials. In late September, the Department of Energy said it would be taking a 5% equity stake in Standard Lithium's peer Lithium Americas . In response, Standard Lithium's stock rose along with that of Lithium Americas and other miners of critical materials. But today, Standard Lithium is using its stock's surge to sell more equity to raise funds for operations. Standard Lithium sells $130 million in stock Last night, Standard Lithium announced it was selling nearly 30 million shares of stock a Show less Read more
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