Piedmont Lithium Inc. (NASDAQ:PLL – Get Rating) CFO Michael D. White sold 297 shares of the stock in a transaction that occurred on Friday, January 6th. The shares were sold at an average price of $50.29, for a total transaction of $14,936.13. Following the completion of the transaction, the chief financial officer now directly owns 12,903 shares of the company’s stock, valued at $648,891.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Piedmont Lithium Trading Up 1.7 %
Shares of NASDAQ:PLL opened at $52.54 on Tuesday. Piedmont Lithium Inc. has a twelve month low of $32.08 and a twelve month high of $79.99. The company’s 50 day moving average is $53.94 and its 200 day moving average is $52.62. The company has a market cap of $946.25 million, a PE ratio of 17.06 and a beta of 0.99.
Piedmont Lithium (NASDAQ:PLL – Get Rating) last issued its quarterly earnings results on Friday, November 4th. The mineral exploration company reported ($0.36) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.01. Equities research analysts predict that Piedmont Lithium Inc. will post -1.7 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Piedmont Lithium
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. B. Riley reaffirmed a “buy” rating on shares of Piedmont Lithium in a research report on Thursday, January 5th. DA Davidson increased their price objective on shares of Piedmont Lithium from $85.00 to $90.00 in a research report on Friday, December 2nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Piedmont Lithium presently has a consensus rating of “Buy” and a consensus price target of $95.00.
Piedmont Lithium 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.
- Get a free copy of the StockNews.com research report on Piedmont Lithium (PLL)
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