Standard Lithium (CVE:SLI) Stock Price Down 7.3% – Here’s Why

Shares of Standard Lithium Ltd. (CVE:SLI) were down 7.3% on Wednesday . The stock traded as low as C$1.90 and last traded at C$1.90. Approximately 254,482 shares were traded during mid-day trading, an increase of 67% from the average daily volume of 152,196 shares. The stock had previously closed at C$2.05.

Standard Lithium Stock Down 7.3 %

The firm has a market cap of C$350.70 million, a P/E ratio of 2.32 and a beta of 1.93. The company has a current ratio of 3.30, a quick ratio of 25.41 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of C$2.68 and a 200-day moving average price of C$2.12.

Standard Lithium (CVE:SLI) last issued its earnings results on Tuesday, November 12th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.03) by C($0.01). On average, equities analysts forecast that Standard Lithium Ltd. will post -0.2 EPS for the current fiscal year.

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.