Standard Lithium (CVE:SLL) Trading 16.4% Higher – Here’s Why

Standard Lithium Ltd. (CVE:SLLGet Free Report)’s stock price traded up 16.4% on Monday . The stock traded as high as C$6.95 and last traded at C$6.95. 1,408,977 shares changed hands during trading, an increase of 298% from the average session volume of 354,366 shares. The stock had previously closed at C$5.97.

Standard Lithium Trading Up 16.4%

The stock’s fifty day simple moving average is C$6.95 and its 200-day simple moving average is C$6.95. The firm has a market cap of C$975.46 million and a PE ratio of -33.57. The company has a debt-to-equity ratio of 6.45, a current ratio of 20.48 and a quick ratio of 20.26.

About Standard Lithium

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Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. Its flagship project is the Lanxess project where it operates approximately 150,000 acres of brine leases located in south-western 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.

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