Standard Lithium (CVE:SLI) Shares Up 0.8% – What’s Next?

Standard Lithium Ltd. (CVE:SLI)’s stock price traded 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 were traded during mid-day 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 Stock Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 3.30 and a quick ratio of 25.41. The company has a market cap of C$463.30 million, a PE ratio of 3.06 and a beta of 1.93. The business has a fifty day simple moving average of C$2.42 and a two-hundred day simple moving average of C$2.14.

Standard Lithium (CVE:SLI) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.01). Research analysts anticipate that Standard Lithium Ltd. will post -0.2 earnings per share 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.