Standard Lithium (CVE:SLI) Trading Up 0.8% – Still a Buy?

Standard Lithium Ltd. (CVE:SLI) rose 0.8% during mid-day trading on Thursday . The company traded as high as C$2.55 and last traded at C$2.51. Approximately 246,722 shares traded hands during trading, a decline of 11% from the average daily volume of 277,370 shares. The stock had previously closed at C$2.49.

Standard Lithium Trading Up 0.8 %

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 firm has a 50-day moving average price of C$2.42 and a 200-day moving average price of C$2.14. The company has a market capitalization of C$463.30 million, a price-to-earnings ratio of 3.06 and a beta of 1.93.

Standard Lithium (CVE:SLI) last released its earnings results on Tuesday, November 12th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.01). As a group, sell-side analysts predict that Standard Lithium Ltd. will post -0.2 EPS for the current 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.