Standard Lithium (CVE:SLI) Shares Up 2.2% – Here’s Why

Shares of Standard Lithium Ltd. (CVE:SLI) traded up 2.2% during trading on Wednesday . The stock traded as high as C$6.96 and last traded at C$6.85. 169,170 shares were traded during trading, a decline of 43% from the average session volume of 295,442 shares. The stock had previously closed at C$6.70.

Standard Lithium Stock Up 2.2%

The company has a debt-to-equity ratio of 0.24, a quick ratio of 25.41 and a current ratio of 4.37. The stock’s 50 day moving average price is C$6.36 and its 200-day moving average price is C$5.14. The company has a market cap of C$1.63 billion, a PE ratio of 11.25 and a beta of 1.40.

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.