Standard Lithium (OTCMKTS:SLI) Shares Up 5.9% – Here’s Why

Standard Lithium Ltd. (OTCMKTS:SLIGet Free Report)’s share price traded up 5.9% during mid-day trading on Friday . The company traded as high as $1.85 and last traded at $1.79. 989,700 shares traded hands during trading, a decline of 29% from the average session volume of 1,384,864 shares. The stock had previously closed at $1.69.

Standard Lithium Stock Up 5.9 %

The company’s fifty day simple moving average is $1.93 and its 200 day simple moving average is $1.55. The firm has a market capitalization of $309.23 million, a PE ratio of 3.03 and a beta of 1.79.

Standard Lithium (OTCMKTS:SLIGet Free Report) last posted its quarterly earnings data on Tuesday, September 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). Equities research analysts forecast that Standard Lithium Ltd. will post -0.08 EPS for the current year.

About Standard Lithium

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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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