Standard Lithium (CVE:SLI) Stock Price Up 13.2% – Here’s Why

Shares of Standard Lithium Ltd. (CVE:SLI) were up 13.2% during trading on Tuesday . The stock traded as high as C$4.99 and last traded at C$4.98. Approximately 149,117 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 288,854 shares. The stock had previously closed at C$4.40.

Standard Lithium Price Performance

The company has a market capitalization of C$1.19 billion, a price-to-earnings ratio of 8.18 and a beta of 0.73. The company has a fifty day simple moving average of C$5.90 and a two-hundred day simple moving average of C$5.88. The company has a debt-to-equity ratio of 0.17, a quick ratio of 25.41 and a current ratio of 4.17.

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