Standard Lithium (CVE:SLI) Trading Down 2.5% – What’s Next?

Standard Lithium Ltd. (CVE:SLI)’s share price fell 2.5% during mid-day trading on Monday . The stock traded as low as C$3.05 and last traded at C$3.14. 129,919 shares were traded during mid-day trading, a decline of 31% from the average session volume of 188,732 shares. The stock had previously closed at C$3.22.

Analysts Set New Price Targets

Separately, Raymond James Financial raised shares of Standard Lithium to a “moderate buy” rating in a research report on Thursday, July 10th.

Standard Lithium Stock Performance

The firm’s 50-day simple moving average is C$2.94 and its 200-day simple moving average is C$2.34. The company has a market capitalization of C$577.60 million, a PE ratio of 3.74 and a beta of 1.93. The company has a current ratio of 4.37, a quick ratio of 25.41 and a debt-to-equity ratio of 0.24.

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.