Standard Lithium (CVE:SLI) Shares Down 5.3% – What’s Next?

Standard Lithium Ltd. (CVE:SLI) fell 5.3% on Monday . The company traded as low as C$6.08 and last traded at C$6.29. 151,010 shares were traded during mid-day trading, a decline of 46% from the average session volume of 282,034 shares. The stock had previously closed at C$6.64.

Standard Lithium Price Performance

The company has a current ratio of 4.37, a quick ratio of 25.41 and a debt-to-equity ratio of 0.24. The stock has a market cap of C$1.50 billion, a price-to-earnings ratio of 10.33 and a beta of 1.82. The company has a 50 day simple moving average of C$5.78 and a 200-day simple moving average of C$4.65.

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. in December 2016. Standard Lithium Ltd. was incorporated in 1998 and is headquartered in Vancouver, Canada.