Standard Lithium Ltd. (CVE:SLI - Get Free Report)'s share price dropped 2.4% on Wednesday . The company traded as low as C$1.98 and last traded at C$2.00. Approximately 119,158 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 207,884 shares. The stock had previously closed at C$2.05.
Standard Lithium Trading Down 2.9 %
The firm has a market cap of C$375.25 million, a P/E ratio of 2.43 and a beta of 1.93. The company's 50 day simple moving average is C$1.87 and its 200-day simple moving average is C$2.25. The company has a quick ratio of 25.41, a current ratio of 4.37 and a debt-to-equity ratio of 0.24.
About Standard Lithium
(
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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.
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