SLI - Why Standard Lithium Stock Soared by 339% in 2021
Standard Lithium (NYSEMKT: SLI) stock absolutely crushed the market in 2021, rallying by a jaw-dropping 338.9%, according to data provided by S&P Global Market Intelligence . The small-cap lithium stock raced past its peers and emerged as the top-performing stock in its industry last year -- and all of those gains came in the second half. So what sent Standard Lithium soaring into space, and what could its 2022 look like?
The first big trigger for Standard Lithium came when the stock debuted on the New York Stock Exchange on July 13. Previously, it was only listed on the Toronto Stock Exchange. CEO Robert Mintak called joining the NYSE a "significant achievement" for the Canada-based company.
The ride thereafter was a choppy one for Standard Lithium stock until the next big leg of its rally -- it jumped by 120% in September and October following an early-September announcement from the company about the installation of a lithium carbonate plant at its flagship project in southern Arkansas.
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Why Standard Lithium Stock Soared by 339% in 2021