Standard Lithium (CVE:SLL) Trading Up 16.4%

Standard Lithium Ltd. (CVE:SLLGet Rating)’s stock price was up 16.4% during mid-day trading on Friday . The company traded as high as C$6.95 and last traded at C$6.95. Approximately 1,408,977 shares changed hands during mid-day trading, an increase of 298% from the average daily volume of 354,366 shares. The stock had previously closed at C$5.97.

Standard Lithium Trading Up 16.4 %

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

About Standard Lithium

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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.

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