Standard Lithium Ltd. (CVE:SLI – Get Free Report) shares were down 8.9% during trading on Friday . The stock traded as low as C$2.22 and last traded at C$2.24. Approximately 223,178 shares were traded during trading, an increase of 49% from the average daily volume of 149,324 shares. The stock had previously closed at C$2.46.
Standard Lithium Stock Performance
The company has a quick ratio of 25.41, a current ratio of 3.30 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average price of C$2.52 and a 200-day moving average price of C$2.10. The firm has a market cap of C$413.46 million, a price-to-earnings ratio of 2.73 and a beta of 1.93.
Standard Lithium (CVE:SLI – Get Free Report) last released its earnings results on Tuesday, September 24th. The company reported C($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.05). On average, analysts expect that Standard Lithium Ltd. will post -0.2 earnings per share for the current fiscal year.
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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