Standard Lithium (CVE:SLI) Hits New 1-Year High - Should You Buy?

Key Points

• Standard Lithium shares reached a new 12-month high, trading at C$4.31 and closing at C$4.26, reflecting strong market interest.
• Recent upgrades from BMO Capital Markets and Raymond James Financial have raised the stock's rating to "strong-buy" and "moderate buy," indicating positive analyst sentiment.
• The company is focused on lithium brine exploration and development, particularly through its flagship Lanxess project in southern Arkansas.

Standard Lithium Ltd. (CVE:SLI - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as C$4.31 and last traded at C$4.26, with a volume of 227843 shares changing hands. The stock had previously closed at C$4.21.

Analysts Set New Price Targets

SLI has been the subject of several research reports. Raymond James Financial raised shares of Standard Lithium to a "moderate buy" rating in a report on Thursday, July 10th. BMO Capital Markets upgraded shares of Standard Lithium to a "strong-buy" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Strong Buy".

Standard Lithium Trading Down 2.1%

The firm has a market capitalization of C$871.27 million, a P/E ratio of 7.02 and a beta of 1.60. The stock's 50-day simple moving average is C$3.83 and its two-hundred day simple moving average is C$2.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.37 and a quick ratio of 25.41.

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.