Shares of Standard Lithium Ltd. (NYSEAMERICAN:SLI – Get Free Report) dropped 3.4% during mid-day trading on Monday . The company traded as low as $1.30 and last traded at $1.40. Approximately 1,951,926 shares were traded during mid-day trading, an increase of 62% from the average daily volume of 1,206,100 shares. The stock had previously closed at $1.45.
Standard Lithium Trading Down 3.4 %
The firm has a market capitalization of $241.85 million, a P/E ratio of -6.36 and a beta of 1.81. The company has a 50 day simple moving average of $1.49.
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 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.
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