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Standard Lithium (NYSEAMERICAN:SLI) Stock Price Down 6.1% - Here's Why

Standard Lithium logo with Basic Materials background

Standard Lithium Ltd. (NYSEAMERICAN:SLI - Get Free Report) shares were down 6.1% during trading on Wednesday . The stock traded as low as $2.07 and last traded at $2.16. Approximately 2,308,911 shares traded hands during trading, an increase of 71% from the average daily volume of 1,350,240 shares. The stock had previously closed at $2.30.

Standard Lithium Price Performance

The company has a market cap of $393.87 million, a P/E ratio of -10.36 and a beta of 1.81.

Standard Lithium (NYSEAMERICAN:SLI - Get Free Report) last released its earnings results on Tuesday, September 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). As a group, analysts predict that Standard Lithium Ltd. will post -0.14 EPS for the current year.

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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