Standard Lithium Ltd. (CVE:SLI – Get Free Report)’s share price fell 8.6% on Monday . The company traded as low as C$2.43 and last traded at C$2.45. 144,461 shares traded hands during trading, a decline of 27% from the average session volume of 198,340 shares. The stock had previously closed at C$2.68.
Standard Lithium Stock Performance
The firm has a market cap of C$450.67 million, a price-to-earnings ratio of 2.92 and a beta of 1.93. The stock has a fifty day moving average price of C$2.23 and a 200-day moving average price of C$2.12. The company has a quick ratio of 25.41, a current ratio of 4.37 and a debt-to-equity ratio of 0.24.
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.
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