Standard Lithium Ltd. (CVE:SLL – Get Free Report) traded up 16.4% during mid-day trading on Friday . The stock traded as high as C$6.95 and last traded at C$6.95. 1,408,977 shares were traded during trading, an increase of 298% from the average session volume of 354,366 shares. The stock had previously closed at C$5.97.
Standard Lithium Price Performance
The company’s 50 day moving average is C$6.95 and its 200-day moving average is C$6.95. 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.
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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