Standard Lithium (CVE:SLI) Shares Up 2.2% – Should You Buy?

Standard Lithium Ltd. (CVE:SLI) shares rose 2.2% during trading on Wednesday . The company traded as high as C$6.96 and last traded at C$6.85. Approximately 169,170 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 295,442 shares. The stock had previously closed at C$6.70.

Standard Lithium Stock Performance

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 50 day simple moving average of C$6.36 and a 200-day simple moving average of C$5.14. The stock has a market cap of C$1.63 billion, a P/E ratio of 11.25 and a beta of 1.40.

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. in December 2016. Standard Lithium Ltd. was incorporated in 1998 and is headquartered in Vancouver, Canada.