Standard Lithium (CVE:SLI) Reaches New 1-Year High - Still a Buy?

Standard Lithium Ltd. (CVE:SLI - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$3.81 and last traded at C$3.70, with a volume of 563771 shares traded. The stock had previously closed at C$3.30.

Standard Lithium Price Performance

The stock has a market cap of C$680.61 million, a PE ratio of 4.41 and a beta of 1.93. The business's 50-day simple moving average is C$2.48 and its 200-day simple moving average is C$2.19. The company has a quick ratio of 25.41, a current ratio of 4.37 and a debt-to-equity ratio of 0.24.

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.

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