Standard Lithium Ltd. (CVE:SLI - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$6.35 and last traded at C$6.32, with a volume of 986864 shares trading hands. The stock had previously closed at C$5.75.
Analysts Set New Price Targets
Several equities analysts have issued reports on the stock. BMO Capital Markets upgraded shares of Standard Lithium to a "strong-buy" rating in a research note on Wednesday, August 6th. Raymond James Financial upgraded shares of Standard Lithium to a "moderate buy" rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Standard Lithium has a consensus rating of "Strong Buy".
Check Out Our Latest Stock Report on SLI
Standard Lithium Stock Up 0.6%
The company's 50 day moving average price is C$4.23 and its two-hundred day moving average price is C$3.06. The company has a current ratio of 4.37, a quick ratio of 25.41 and a debt-to-equity ratio of 0.24. The stock has a market cap of C$1.30 billion, a P/E ratio of 10.45 and a beta of 1.61.
About Standard Lithium
(
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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.
See Also
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