Standard Lithium (NYSEAMERICAN:SLI) Announces Quarterly Earnings Results

Standard Lithium (NYSEAMERICAN:SLI) released its earnings results on Thursday. The company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02), Zacks reports.

Standard Lithium Stock Performance

Shares of SLI opened at $1.38 on Friday. Standard Lithium has a 12 month low of $1.32 and a 12 month high of $6.00. The stock has a fifty day moving average price of $1.74 and a 200 day moving average price of $3.01.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group assumed coverage on Standard Lithium in a research report on Wednesday, September 2nd. They set a “hold” rating and a $2.90 price target on the stock. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3.83.

About Standard Lithium

Standard Lithium Ltd. is a Canada-based company focused on developing lithium projects in the United States. It is advancing resources in the Smackover Formation, a geological region spanning parts of Arkansas and Texas that contains lithium-bearing brine. The company is developing direct lithium extraction processes intended to recover lithium from brine and produce battery-grade lithium carbonate. Its projects include the South West Arkansas Project and lithium development areas in East Texas.