Standard Lithium (CVE:SLI) Trading Down 3% – Here’s Why

Standard Lithium Ltd. (CVE:SLIGet Free Report) traded down 3% on Tuesday . The stock traded as low as C$1.90 and last traded at C$1.94. 197,895 shares traded hands during trading, a decline of 16% from the average session volume of 236,400 shares. The stock had previously closed at C$2.00.

Standard Lithium Stock Performance

The stock has a fifty day simple moving average of C$2.10 and a two-hundred day simple moving average of C$2.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 25.41 and a current ratio of 4.37. The stock has a market cap of C$356.86 million, a price-to-earnings ratio of 2.31 and a beta of 1.93.

Standard Lithium Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Standard Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Lithium and related companies with MarketBeat.com's FREE daily email newsletter.