Standard Lithium (CVE:SLI) Trading 0.8% Higher – What’s Next?

Standard Lithium Ltd. (CVE:SLI) shares traded up 0.8% on Thursday . The stock traded as high as C$2.55 and last traded at C$2.51. 246,722 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 277,370 shares. The stock had previously closed at C$2.49.

Standard Lithium Price Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 25.41 and a current ratio of 3.30. The company has a market capitalization of C$463.30 million, a P/E ratio of 3.06 and a beta of 1.93. The firm’s fifty day moving average is C$2.42 and its 200 day moving average is C$2.14.

Standard Lithium (CVE:SLI) last released its earnings results on Tuesday, November 12th. The company reported C($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.01). As a group, analysts predict that Standard Lithium Ltd. will post -0.2 earnings per share for the current fiscal year.

Standard Lithium Company Profile

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.