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Standard Lithium (CVE:SLI) Trading 1.4% Higher - Still a Buy?

Standard Lithium logo with Basic Materials background

Standard Lithium Ltd. (CVE:SLI - Get Free Report) was up 1.4% on Thursday . The stock traded as high as C$2.26 and last traded at C$2.23. Approximately 127,267 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 197,442 shares. The stock had previously closed at C$2.20.

Standard Lithium Trading Up 2.7%

The company has a current ratio of 4.37, a quick ratio of 25.41 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of C$1.93 and a two-hundred day simple moving average of C$2.15. The firm has a market cap of C$421.24 million, a PE ratio of 2.73 and a beta of 1.93.

About Standard Lithium

(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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