Standard Lithium (CVE:SLI) Stock Price Down 4.1% - Time to Sell?
Standard Lithium (CVE:SLI) shares fell 4.1% to C$6.29, with trading volume down 41% from average. The stock's fifty-day moving average is C$5.60, and its two-hundred-day moving average is C$4.14. Despite a Strong Buy rating, analysts suggest better investment options exist. The company explores lithium brine properties in the U.S., with its flagship Lanxess project in Arkansas.
Standard Lithium Ltd. (CVE:SLI - Get Free Report) traded down 4.1% during trading on Friday . The company traded as low as C$6.29 and last traded at C$6.29. 165,693 shares were traded during trading, a decline of 41% from the average session volume of 278,887 shares. The stock had previously closed at C$6.56.
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Standard Lithium Stock Performance
The stock's fifty day moving average is C$5.60 and its two-hundred day moving average is C$4.14. The firm has a market capitalization of C$1.50 billion, a price-to-earnings ratio of 10.33 and a beta of 1.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 25.41 and a current ratio of 4.37.
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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