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Standard Lithium (OTCMKTS:SLI) Shares Down 3.4% - Should You Sell?

Standard Lithium logo with Basic Materials background

Standard Lithium Ltd. (OTCMKTS:SLI - Get Free Report)'s share price dropped 3.4% during mid-day trading on Friday . The stock traded as low as $1.37 and last traded at $1.40. Approximately 1,114,740 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 1,222,860 shares. The stock had previously closed at $1.45.

Standard Lithium Trading Down 3.4 %

The firm has a market capitalization of $241.85 million, a P/E ratio of -14.00 and a beta of 1.67. The business's 50 day simple moving average is $1.53 and its two-hundred day simple moving average is $1.60.

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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