Standard Lithium (NYSEAMERICAN:SLI) Price Target Cut to $8.00

Standard Lithium (NYSEAMERICAN:SLI) had its price target cut by research analysts at Canaccord Genuity Group from $8.50 to $8.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 152.37% from the stock’s current price.

Standard Lithium Price Performance

Shares of NYSEAMERICAN:SLI traded down $0.05 on Tuesday, hitting $3.17. The company had a trading volume of 532,234 shares, compared to its average volume of 702,429. The company has a market cap of $547.62 million, a P/E ratio of -31.70 and a beta of 2.49. Standard Lithium has a 1-year low of $2.83 and a 1-year high of $5.14.

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 approximately 150,000 acres of brine leases located in southern Arkansas. The company was formerly known as Patriot Petroleum Corp. and changed its name to Standard Lithium Ltd.