Standard Lithium (CVE:SLI) Trading Down 9.9% – What’s Next?

Standard Lithium Ltd. (CVE:SLI)’s share price fell 9.9% during trading on Monday . The stock traded as low as C$4.68 and last traded at C$4.72. 650,693 shares were traded during mid-day trading, an increase of 219% from the average session volume of 203,752 shares. The stock had previously closed at C$5.24.

Analysts Set New Price Targets

SLI has been the subject of several research reports. BMO Capital Markets upgraded Standard Lithium to a “strong-buy” rating in a report on Wednesday, August 6th. Raymond James Financial raised Standard Lithium to a “moderate buy” rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Standard Lithium Stock Down 9.9%

The company has a current ratio of 4.37, a quick ratio of 25.41 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of C$3.95 and a 200-day moving average price of C$2.90. The firm has a market cap of C$963.09 million, a P/E ratio of 7.75 and a beta of 1.60.

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.