Standard Lithium (CVE:SLI) Stock Price Down 2.5% - Here's What Happened

Key Points

• Standard Lithium Ltd. experienced a share price decline of 2.5% during mid-day trading on Monday, closing at C$3.14 after reaching a low of C$3.05.
• Analysts at Raymond James Financial have upgraded shares of Standard Lithium to a "moderate buy" rating.
• The company's market capitalization stands at C$577.60 million with a PE ratio of 3.74 and a current ratio of 4.37.

Standard Lithium Ltd. (CVE:SLI - Get Free Report) traded down 2.5% during mid-day trading on Monday . The company traded as low as C$3.05 and last traded at C$3.14. 129,919 shares were traded during mid-day trading, a decline of 31% from the average session volume of 188,732 shares. The stock had previously closed at C$3.22.

Wall Street Analyst Weigh In

Separately, Raymond James Financial raised shares of Standard Lithium to a "moderate buy" rating in a research report on Thursday, July 10th.

Standard Lithium Stock Performance

The stock has a market cap of C$645.66 million, a P/E ratio of 4.18 and a beta of 1.93. The firm's 50-day moving average is C$2.96 and its two-hundred day moving average is C$2.35. The company has a quick ratio of 25.41, a current ratio of 4.37 and a debt-to-equity ratio of 0.24.

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.