Standard Lithium (CVE:SLI) Shares Down 8.9% - Should You Sell?

Shares of Standard Lithium Ltd. (CVE:SLI - Get Free Report) traded down 8.9% during trading on Friday . The company traded as low as C$2.22 and last traded at C$2.24. 223,178 shares were traded during trading, an increase of 49% from the average session volume of 149,324 shares. The stock had previously closed at C$2.46.

Standard Lithium Stock Performance

The firm's fifty day simple moving average is C$2.52 and its 200 day simple moving average is C$2.10. The company has a market capitalization of C$413.46 million, a price-to-earnings ratio of 2.73 and a beta of 1.93. 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 posted its quarterly earnings data on Tuesday, September 24th. The company reported C($0.05) EPS for the quarter, hitting analysts' consensus estimates of C($0.05). On average, sell-side analysts forecast that Standard Lithium Ltd. will post -0.2 EPS 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.