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Standard Lithium (CVE:SLI) Trading 0.8% Higher - Here's What Happened

Standard Lithium logo with Basic Materials background

Standard Lithium Ltd. (CVE:SLI - Get Free Report) traded up 0.8% during trading on Thursday . The stock traded as high as C$2.55 and last traded at C$2.51. 246,722 shares changed hands during trading, a decline of 11% from the average session volume of 277,370 shares. The stock had previously closed at C$2.49.

Standard Lithium Price Performance

The stock has a 50-day moving average of C$2.41 and a two-hundred day moving average of C$2.14. The firm has a market cap of C$433.76 million, a price-to-earnings ratio of 2.87 and a beta of 1.93. The company has a current ratio of 3.30, a quick ratio of 25.41 and a debt-to-equity ratio of 0.29.

Standard Lithium (CVE:SLI - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported C($0.04) earnings per share for the quarter, missing the consensus estimate of C($0.03) by C($0.01). On average, analysts anticipate that Standard Lithium Ltd. will post -0.2 EPS for the current year.

About Standard Lithium

(Get Free Report)

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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