Standard Lithium Ltd. (CVE:SLL – Get Free Report)’s share price rose 16.4% on Thursday . The stock traded as high as C$6.95 and last traded at C$6.95. Approximately 1,408,977 shares changed hands 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 Price Performance
The stock has a market capitalization of C$975.46 million and a price-to-earnings ratio of -33.57. The company’s 50-day simple moving average is C$6.95 and its 200-day simple moving average is C$6.95. 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
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.
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