Shares of Standard Lithium Ltd. (CVE:SLL – Get Free Report) shot up 16.4% on Wednesday . The stock traded as high as C$6.95 and last traded at C$6.95. 1,408,977 shares traded hands 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 Price Performance
The stock has a market cap of C$975.46 million and a P/E ratio of -33.57. 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 debt-to-equity ratio of 6.45, a quick ratio of 20.26 and a current ratio of 20.48.
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 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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