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Standard Lithium (CVE:SLI) Hits New 1-Year High - Here's What Happened

Standard Lithium logo with Basic Materials background

Standard Lithium Ltd. (CVE:SLI - Get Free Report)'s share price reached 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 trading hands. The stock had previously closed at C$3.30.

Standard Lithium Stock Up 5.4%

The company has a debt-to-equity ratio of 0.24, a quick ratio of 25.41 and a current ratio of 4.37. The firm has a market capitalization of C$717.40 million, a PE ratio of 4.65 and a beta of 1.93. The business's 50 day moving average price is C$2.52 and its 200-day moving average price is C$2.20.

Standard Lithium Company Profile

(Get Free Report)

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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