Standard Lithium (CVE:SLI) Upgraded to Strong-Buy at BMO Capital Markets

Key Points

• BMO Capital Markets has upgraded Standard Lithium (CVE:SLI) to a "strong-buy" rating, indicating a positive outlook for the company.
• Raymond James Financial also upgraded Standard Lithium to a "moderate buy" rating, reflecting bullish sentiment among analysts.
• The current market capitalization of Standard Lithium is C$721.08 million, with shares trading between a 1 year low of C$1.50 and a high of C$4.04.

BMO Capital Markets upgraded shares of Standard Lithium (CVE:SLI - Free Report) to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

Separately, Raymond James Financial upgraded Standard Lithium to a "moderate buy" rating in a report on Thursday, July 10th.

Standard Lithium Price Performance

Standard Lithium stock traded down C$0.07 during mid-day trading on Wednesday, hitting C$3.78. 215,143 shares of the company were exchanged, compared to its average volume of 188,436. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.37 and a quick ratio of 25.41. The business's 50 day simple moving average is C$3.08 and its two-hundred day simple moving average is C$2.39. The company has a market capitalization of C$695.32 million, a P/E ratio of 4.51 and a beta of 1.93. Standard Lithium has a 12-month low of C$1.50 and a 12-month high of C$4.20.

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.