Standard Lithium (CVE:SLI) Trading Up 2.4% – What’s Next?

Standard Lithium Ltd. (CVE:SLI) was up 2.4% on Wednesday . The company traded as high as C$4.75 and last traded at C$4.65. Approximately 438,448 shares traded hands during trading, an increase of 65% from the average daily volume of 266,361 shares. The stock had previously closed at C$4.54.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SLI shares. Raymond James Financial raised Standard Lithium to a “moderate buy” rating in a research report on Thursday, July 10th. BMO Capital Markets raised Standard Lithium to a “strong-buy” rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Standard Lithium has an average rating of “Strong Buy”.

Standard Lithium Stock Up 2.4%

The firm has a 50-day moving average price of C$5.07 and a 200 day moving average price of C$3.65. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.37 and a quick ratio of 25.41. The company has a market cap of C$1.11 billion, a price-to-earnings ratio of 7.64 and a beta of 1.76.

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.