Standard Lithium (CVE:SLI) Trading Down 5.7%

Standard Lithium Ltd. (CVE:SLI)’s stock price was down 5.7% during mid-day trading on Monday . The stock traded as low as C$1.45 and last traded at C$1.49. Approximately 88,323 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 134,757 shares. The stock had previously closed at C$1.58.

Standard Lithium Price Performance

The business has a 50-day simple moving average of C$1.64 and a two-hundred day simple moving average of C$2.46. The company has a quick ratio of 25.41, a current ratio of 1.51 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of C$273.35 million, a price-to-earnings ratio of -4.66 and a beta of 1.92.

Standard Lithium (CVE:SLI) last issued its earnings results on Thursday, February 8th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.04). As a group, research analysts predict that Standard Lithium Ltd. will post -0.2 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.