Standard Lithium (CVE:SLI) Stock Price Up 15.8% - Here's What Happened

Standard Lithium Ltd. (CVE:SLI - Get Free Report)'s stock price rose 15.8% during trading on Tuesday . The stock traded as high as C$3.17 and last traded at C$3.15. Approximately 644,690 shares changed hands during trading, an increase of 368% from the average daily volume of 137,636 shares. The stock had previously closed at C$2.72.

Standard Lithium Trading Down 10.2 %

The company has a market capitalization of C$522.36 million, a P/E ratio of 3.61 and a beta of 1.93. The stock's 50 day moving average is C$2.03 and its 200-day moving average is C$1.92. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.30 and a quick ratio of 25.41.

Standard Lithium (CVE:SLI - Get Free Report) last announced its earnings results on Tuesday, September 24th. The company reported C($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of C($0.05). As a group, equities research analysts anticipate that Standard Lithium Ltd. will post -0.2 earnings per share for the current year.

Standard Lithium Company Profile

Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. Its flagship project is the Lanxess project with area of approximately 150,000 acres located in southern Arkansas. The company was formerly known as Patriot Petroleum Corp. and changed its name to Standard Lithium Ltd.