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Standard Lithium (CVE:SLI) Shares Down 3% - Here's What Happened

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Standard Lithium Ltd. (CVE:SLI - Get Free Report)'s share price fell 3% during mid-day trading on Tuesday . The stock traded as low as C$1.90 and last traded at C$1.94. Approximately 197,895 shares traded hands during trading, a decline of 16% from the average session volume of 236,400 shares. The stock had previously closed at C$2.00.

Standard Lithium Stock Performance

The business's fifty day moving average is C$2.07 and its two-hundred day moving average is C$2.27. The company has a quick ratio of 25.41, a current ratio of 4.37 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of C$327.43 million, a PE ratio of 2.12 and a beta of 1.93.

Standard Lithium Company Profile

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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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