Piedmont Lithium Inc. (NASDAQ:PLL – Get Rating) CEO Keith D. Phillips sold 3,944 shares of the firm’s stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $50.07, for a total value of $197,476.08. Following the completion of the sale, the chief executive officer now directly owns 101,544 shares of the company’s stock, valued at approximately $5,084,308.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Piedmont Lithium stock traded up $0.67 during trading hours on Friday, hitting $50.52. The company’s stock had a trading volume of 9,191 shares, compared to its average volume of 415,036. Piedmont Lithium Inc. has a twelve month low of $40.65 and a twelve month high of $79.99. The firm has a fifty day moving average of $61.23 and a 200-day moving average of $58.44.
Several hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI increased its holdings in shares of Piedmont Lithium by 108.7% in the 1st quarter. National Bank of Canada FI now owns 480 shares of the mineral exploration company’s stock valued at $35,000 after acquiring an additional 250 shares during the last quarter. NEXT Financial Group Inc acquired a new stake in Piedmont Lithium during the 4th quarter worth approximately $26,000. Geneos Wealth Management Inc. acquired a new stake in shares of Piedmont Lithium in the 1st quarter valued at approximately $36,000. Citigroup Inc. lifted its holdings in shares of Piedmont Lithium by 112.3% in the 1st quarter. Citigroup Inc. now owns 620 shares of the mineral exploration company’s stock valued at $45,000 after buying an additional 328 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Piedmont Lithium in the 1st quarter valued at approximately $49,000. Hedge funds and other institutional investors own 24.02% of the company’s stock.
Piedmont Lithium Company Profile (Get Rating)
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.
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