Piedmont Lithium Inc. (NASDAQ:PLL – Get Rating) CEO Keith D. Phillips sold 7,324 shares of the company in a trade that took place on Tuesday, November 8. The stock was sold at an average price of $62.64, for a total transaction of $458,775.36. Following completion of the transaction, the CEO now directly owns 128,982 shares of the company, valued at approximately $8,079,432.48. The transaction was disclosed in a legal filing with the SEC, which is available via this link.

Piedmont Lithium Price Performance

PLL traded at $3.24 midday on Wednesday, hitting $59.59. The company’s stock had a trading volume of 351,944 shares, compared to an average volume of 461,728. Piedmont Lithium Inc. has a 1-year low of $32.08 and a 1-year high of $79.99. The stock’s 50-day moving average is $58.30 and its 200-day moving average is $53.89.

Piedmont Lithium Institutional Trading

Hedge funds and other institutional investors have recently changed their positions in the stock. Optimum Investment Advisors acquired a new stake in Piedmont Lithium in the third quarter worth $27,000. First Personal Financial Services acquired a new stake in Piedmont Lithium during Q3 valued at approximately $33,000. National Bank of Canada FI increased its stake in Piedmont Lithium by 108.7% during the first quarter. National Bank of Canada FI now owns 480 shares of the mining exploration company valued at $35,000 after buying an additional 250 shares last quarter. Geneos Wealth Management Inc. bought a new position in Piedmont Lithium in the first quarter worth approximately $36,000. Finally, CWM LLC increased its stake in Piedmont Lithium shares by 228.6% in the third quarter. CWM LLC now owns 815 shares of the mining exploration company worth $44,000 after purchasing an additional 567 shares last quarter. Hedge funds and other institutional investors hold 50.01% of the company’s shares.

Analysts set new price targets

Several equity analysts have recently commented on PLL shares. Roth Capital reaffirmed a “buy” rating on Piedmont Lithium shares in a Monday, September 5 research note. B. Riley raised his price target on Piedmont Lithium from $95.00 to $108.00 and gave the stock a “buy” rating in a Thursday, October 27 research report. Six research analysts rated the stock with a buy rating. According to MarketBeat data, Piedmont Lithium has a consensus buy rating and a consensus target price of $96.25.

Piedmont Lithium Company Profile

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Piedmont Lithium Inc, an exploration-stage company, engages in the exploration and development of resource projects in the United States. The Company primarily owns a 100% interest in the Carolina Lithium Project which comprises an area of ​​approximately 3,116 acres located in the Carolina Tin-Spodumene Belt located west of Charlotte, North Carolina, United States.

See also

Insider buying and selling by quarter for Piedmont Lithium (NASDAQ:PLL)

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