Shares of Standard Lithium Ltd. (CVE:SLI – Get Free Report) shot up 0.8% during trading on Thursday . The company traded as high as C$2.55 and last traded at C$2.51. 246,722 shares changed hands during trading, a decline of 11% from the average session volume of 277,370 shares. The stock had previously closed at C$2.49.
Standard Lithium Trading Down 6.4 %
The stock has a market capitalization of C$433.76 million, a PE ratio of 2.87 and a beta of 1.93. The company has a quick ratio of 25.41, a current ratio of 3.30 and a debt-to-equity ratio of 0.29. The business’s fifty day moving average is C$2.41 and its 200-day moving average is C$2.14.
Standard Lithium (CVE:SLI – Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C($0.04) EPS for the quarter, missing the consensus estimate of C($0.03) by C($0.01). As a group, analysts anticipate that Standard Lithium Ltd. will post -0.2 EPS for the current fiscal year.
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.
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