Standard Lithium Ltd. (CVE:SLI – Get Free Report) dropped 3% on Tuesday . The company traded as low as C$1.90 and last traded at C$1.94. Approximately 197,895 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 236,400 shares. The stock had previously closed at C$2.00.
Standard Lithium Stock Performance
The stock has a market cap of C$342.14 million, a P/E ratio of 2.22 and a beta of 1.93. The company has a quick ratio of 25.41, a current ratio of 4.37 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of C$2.09 and a two-hundred day moving average price of C$2.27.
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.
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