Piedmont Lithium Inc. (NASDAQ:PLL – Get Rating) has received an average recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $96.25.
PLL has been the topic of a number of recent analyst reports. Roth Capital reiterated a “buy” rating on shares of Piedmont Lithium in a report on Monday, September 5th. B. Riley increased their price target on Piedmont Lithium from $95.00 to $108.00 and gave the company a “buy” rating in a report on Thursday, October 27th.
In other news, CEO Keith D. Phillips sold 6,164 shares of Piedmont Lithium stock in a transaction that occurred on Friday, October 21st. The stock was sold at an average price of $56.79, for a total value of $350,053.56. Following the completion of the transaction, the chief executive officer now owns 120,259 shares in the company, valued at approximately $6,829,508.61. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Keith D. Phillips sold 7,324 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $62.64, for a total transaction of $458,775.36. Following the completion of the sale, the chief executive officer now owns 128,982 shares of the company’s stock, valued at approximately $8,079,432.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Keith D. Phillips sold 6,164 shares of the firm’s stock in a transaction dated Friday, October 21st. The stock was sold at an average price of $56.79, for a total transaction of $350,053.56. Following the completion of the transaction, the chief executive officer now directly owns 120,259 shares in the company, valued at approximately $6,829,508.61. The disclosure for this sale can be found here. Company insiders own 1.75% of the company’s stock.
Institutional Trading of Piedmont Lithium
Piedmont Lithium Price Performance
NASDAQ PLL opened at $57.45 on Tuesday. The company’s fifty day simple moving average is $58.21 and its 200-day simple moving average is $53.40. Piedmont Lithium has a 52 week low of $32.08 and a 52 week high of $79.99.
About Piedmont Lithium
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.
- Get a free copy of the StockNews.com research report on Piedmont Lithium (PLL)
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