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Standard Lithium (CVE:SLI) Shares Down 8.6% - Here's Why

Standard Lithium logo with Basic Materials background

Standard Lithium Ltd. (CVE:SLI - Get Free Report)'s stock price fell 8.6% on Monday . The company traded as low as C$2.43 and last traded at C$2.45. 144,461 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 198,340 shares. The stock had previously closed at C$2.68.

Standard Lithium Stock Performance

The stock has a 50-day moving average price of C$2.28 and a 200-day moving average price of C$2.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.37 and a quick ratio of 25.41. The firm has a market capitalization of C$481.94 million, a PE ratio of 3.12 and a beta of 1.93.

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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