Standard Lithium (CVE:SLI) Reaches New 12-Month High - What's Next?

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)'s share price hit a new 52-week high during trading on Monday . The company traded as high as C$4.31 and last traded at C$4.26, with a volume of 227843 shares trading hands. The stock had previously closed at C$4.21.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SLI shares. BMO Capital Markets raised Standard Lithium to a "strong-buy" rating in a research note on Wednesday, August 6th. Raymond James Financial raised Standard Lithium to a "moderate buy" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Standard Lithium currently has an average rating of "Strong Buy".

Standard Lithium Stock Up 2.6%

The stock has a market cap of C$881.47 million, a PE ratio of 7.10 and a beta of 1.60. The firm has a fifty day moving average of C$3.82 and a 200 day moving average of C$2.78. 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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