Stocks of Piedmont Lithium Inc. (NASDAQ:PLL) traded higher last session on Wall Street, down -7.12% to $57.14.
PLL stock price is now -5.45% away from the 50-day moving average and 3.11% away from the 200-day moving average. The market capitalization of the company currently stands at $980.52M.
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On May 23, 2022, Cowen recently initiated its ‘Outperform’ rating on the stock quoting a target price of $90, while ‘DA Davidson’ rates the stock as ‘Buy’.
In other news, Phillips Keith D., President and CEO sold 705 shares of the company’s stock on Jan 06. The stock was sold for $35,504 at an average price of $50.36. Upon completion of the transaction, the President and CEO now directly owns 128,277 shares in the company, valued at $7.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06, EVP and CAO McVey Krishna sold 315 shares of the business’s stock. A total of $15,851 was realized by selling the stock at an average price of $50.32. This leaves the insider owning 1,111 shares of the company worth $63482.54. Insiders disposed of 76,484 shares of company stock worth roughly $4.37 million over the past 1 year. A total of 1.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PLL stock. A new stake in Piedmont Lithium Inc. shares was purchased by TOP ACE ASSET MANAGEMENT LTD during the first quarter worth $8,613,000. M&G INVESTMENT MANAGEMENT LTD invested $3,364,000 in shares of PLL during the first quarter. In the first quarter, MOORE CAPITAL MANAGEMENT, LP acquired a new stake in Piedmont Lithium Inc. valued at approximately $3,130,000. CITADEL ADVISORS LLC acquired a new stake in PLL for approximately $1,194,000. MEEDER ASSET MANAGEMENT INC purchased a new stake in PLL valued at around $1,082,000 in the second quarter. In total, there are 227 active investors with 49.70% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $61.05 for Piedmont Lithium Inc. (NASDAQ: PLL). During the past 12 months, Piedmont Lithium Inc. has had a low of $32.08 and a high of $79.99. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 7.60, and a quick ratio of 7.60. The fifty day moving average price for PLL is $60.43 and a two-hundred day moving average price translates $55.42 for the stock.
The latest earnings results from Piedmont Lithium Inc. (NASDAQ: PLL) was released for Sep, 2022.
Piedmont Lithium Inc.(PLL) Company Profile
Piedmont Lithium Inc., an exploration stage company, engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Carolina Lithium Project that include an area of approximately 3,116 acres located within the Carolina Tin-Spodumene Belt situated to the west of Charlotte, North Carolina in the United States. It also owns a 61-acre property in Kings Mountain, North Carolina. Piedmont Lithium Inc. is headquartered in Belmont, North Carolina.
