Standard Lithium (CVE:SLI) Shares Up 2.2% - Should You Buy?

Standard Lithium Ltd. (CVE:SLI - Get Free Report) shares rose 2.2% during trading on Wednesday . The company traded as high as C$6.96 and last traded at C$6.85. Approximately 169,170 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 295,442 shares. The stock had previously closed at C$6.70.Get Standard Lithium alerts:Standard Lithium Stock PerformanceThe company has a debt-to-equity ratio of 0.24, a current ratio of 4.37 and a quick ratio of 25.41. The company has a 50 day simple moving average of C$6.36 and a 200-day simple moving average of C$5.14. The stock has a market cap of C$1.63 billion, a P/E ratio of 11.25 and a beta of 1.40. 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. in December 2016. Standard Lithium Ltd. was incorporated in 1998 and is headquartered in Vancouver, Canada. Recommended StoriesFive stocks we like better than Standard LithiumA month before the crashBuffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyWall Street Alert: Buy AESBitcoin is down but your income is about to explodeTrump Devises the Death of the IRS ☠️This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Standard Lithium Right Now?Before you consider Standard Lithium, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Standard Lithium wasn't on the list.While Standard Lithium currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here