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.
