Standard Lithium (CVE:SLI) Trading 3.6% Higher - What's Next?

Key Points

• Shares of Standard Lithium jumped 3.6% intraday to a high of C$6.09 (last C$6.04) on Monday, with ~340,991 shares traded—about in line with average volume.
• The company has a market capitalization of C$1.44 billion, a P/E of 9.92, very low leverage (debt-to-equity 0.17) and strong liquidity (quick ratio 25.41, current ratio 4.17).
• Standard Lithium develops US lithium brine assets, highlighted by its flagship Lanxess project covering roughly 150,000 acres in southern Arkansas.

Shares of Standard Lithium Ltd. (CVE:SLI - ) shot up 3.6% during mid-day trading on Monday . The stock traded as high as C$6.09 and last traded at C$6.04. 340,991 shares changed hands during trading, an increase of 0% from the average session volume of 340,553 shares. The stock had previously closed at C$5.83.

Standard Lithium Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 25.41 and a current ratio of 4.17. The stock has a market capitalization of C$1.44 billion, a P/E ratio of 9.92 and a beta of 0.73. The business has a 50-day moving average price of C$6.41 and a 200 day moving average price of C$5.74.

About Standard Lithium

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. in December 2016. Standard Lithium Ltd. was incorporated in 1998 and is headquartered in Vancouver, Canada.

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