Standard Lithium Ltd. (CVE:SLL – Get Free Report)’s stock price shot up 16.4% during mid-day trading on Tuesday . The company traded as high as C$6.95 and last traded at C$6.95. Approximately 1,408,977 shares were traded during mid-day trading, an increase of 298% from the average daily volume of 354,366 shares. The stock had previously closed at C$5.97.
Standard Lithium Stock Up 16.4%
The firm has a market capitalization of C$975.46 million and a price-to-earnings ratio of -33.57. The company has a current ratio of 20.48, a quick ratio of 20.26 and a debt-to-equity ratio of 6.45. The firm has a fifty day moving average price of C$6.95 and a 200 day moving average price of C$6.95.
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 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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