Standard Lithium (CVE:SLI) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Standard Lithium (CVE:SLI) to a moderate buy rating in a report issued on Thursday,Zacks.com reports.

Standard Lithium Stock Performance

Standard Lithium stock opened at C$3.90 on Thursday. The company has a market capitalization of C$717.40 million, a PE ratio of 4.65 and a beta of 1.93. The firm has a fifty day simple moving average of C$2.52 and a two-hundred day simple moving average of C$2.20. The company has a quick ratio of 25.41, a current ratio of 4.37 and a debt-to-equity ratio of 0.24. Standard Lithium has a twelve month low of C$1.50 and a twelve month high of C$3.98.

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.