Standard Lithium (CVE:SLI) Stock Price Down 4.5% – What’s Next?

Shares of Standard Lithium Ltd. (CVE:SLI) dropped 4.5% on Thursday . The stock traded as low as C$5.35 and last traded at C$5.46. Approximately 159,191 shares traded hands during trading, a decline of 52% from the average daily volume of 331,459 shares. The stock had previously closed at C$5.72.

Standard Lithium Stock Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 4.37 and a quick ratio of 25.41. The stock has a market cap of C$1.30 billion, a P/E ratio of 8.97 and a beta of 0.67. The stock has a 50-day simple moving average of C$6.61 and a 200-day simple moving average of C$5.43.

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. in December 2016. Standard Lithium Ltd. was incorporated in 1998 and is headquartered in Vancouver, Canada.