Standard Lithium (CVE:SLL) Trading 16.4% Higher – Still a Buy?

Standard Lithium Ltd. (CVE:SLLGet Free Report) traded up 16.4% during mid-day trading on Friday . The stock traded as high as C$6.95 and last traded at C$6.95. 1,408,977 shares were traded during mid-day trading, an increase of 298% from the average session volume of 354,366 shares. The stock had previously closed at C$5.97.

Standard Lithium Stock Performance

The business has a 50-day moving average price of C$6.95 and a 200-day moving average price of C$6.95. The company has a quick ratio of 20.26, a current ratio of 20.48 and a debt-to-equity ratio of 6.45. The firm has a market capitalization of C$975.46 million and a price-to-earnings ratio of -33.57.

Standard Lithium Company Profile

(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 where it operates approximately 150,000 acres of brine leases located in south-western 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.

Recommended Stories

Receive News & Ratings for Standard Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Lithium and related companies with MarketBeat.com's FREE daily email newsletter.