Standard Lithium (CVE:SLI) Posts Quarterly Earnings Results, Meets Expectations

Standard Lithium (CVE:SLI) issued its quarterly earnings results on Tuesday. The company reported C($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.05), reports.

Standard Lithium Stock Up 7.6 %

Shares of CVE:SLI opened at C$2.26 on Friday. The firm’s 50 day moving average price is C$1.72 and its 200 day moving average price is C$1.80. The stock has a market cap of C$414.62 million, a price-to-earnings ratio of -6.85 and a beta of 1.91. Standard Lithium has a fifty-two week low of C$1.45 and a fifty-two week high of C$4.85. The company has a quick ratio of 25.41, a current ratio of 1.69 and a debt-to-equity ratio of 0.54.

About Standard Lithium

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.