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Why Standard Lithium Stock Lit Up Today

TheMotleyFool

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Why Standard Lithium Stock Lit Up Today: https://g.foolcdn.com/editorial/images/824750/lithium-salt-piles-next-to-a-brine-tank.jpg

Lithium mining hopeful Standard Lithium (NYSEMKT: SLI) -- it's too early to call it a "lithium miner," as it has yet to actually start extracting the mineral -- was trading 6% higher as of 11:25 a.m. ET Friday as investors rushed to buy the stock. And why did they do that?

Because Raymond James told them to.

Image source: Getty Images.

Source Fool.com