Standard Lithium (OTCMKTS:SLI) Stock Price Up 3.8%

Standard Lithium Ltd. (OTCMKTS:SLI) shot up 3.8% during mid-day trading on Monday . The stock traded as high as $1.10 and last traded at $1.09. 476,949 shares were traded during trading, a decline of 62% from the average session volume of 1,249,867 shares. The stock had previously closed at $1.05.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets assumed coverage on Standard Lithium in a research note on Friday, February 16th. They issued an “outperform” rating for the company.

Standard Lithium Stock Up 3.7 %

The company’s 50 day moving average price is $1.20 and its two-hundred day moving average price is $1.82. The firm has a market cap of $195.21 million, a PE ratio of -5.14 and a beta of 1.88.

Standard Lithium (OTCMKTS:SLI) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). On average, analysts expect that Standard Lithium Ltd. will post -0.08 earnings per share for the current fiscal year.

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.