Standard Lithium (CVE:SLI) Trading Up 1.2% – Here’s Why

Standard Lithium Ltd. (CVE:SLI)’s share price traded up 1.2% during mid-day trading on Friday . The company traded as high as C$5.21 and last traded at C$5.12. 210,061 shares traded hands during trading, a decline of 17% from the average session volume of 252,735 shares. The stock had previously closed at C$5.06.

Wall Street Analysts Forecast Growth

Separately, Evercore raised shares of Standard Lithium to a “strong-buy” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Standard Lithium Trading Up 1.2%

The stock has a market cap of C$1.25 billion, a P/E ratio of -22.07 and a beta of 1.00. The company has a current ratio of 20.17, a quick ratio of 25.41 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average price is C$5.14 and its 200 day moving average price is C$5.79.

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