Standard Lithium (NYSEAMERICAN:SLI) Trading Up 2.2% – Here’s Why

Shares of Standard Lithium Ltd. (NYSEAMERICAN:SLIGet Free Report) were up 2.2% during mid-day trading on Thursday . The company traded as high as $1.43 and last traded at $1.39. Approximately 1,159,314 shares changed hands during trading, a decline of 16% from the average daily volume of 1,381,627 shares. The stock had previously closed at $1.36.

Standard Lithium Trading Up 2.2 %

The stock has a market capitalization of $240.12 million, a PE ratio of -6.32 and a beta of 1.81.

Standard Lithium (NYSEAMERICAN:SLIGet Free Report) last posted its earnings results on Tuesday, September 24th. The company reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04). Equities research analysts expect that Standard Lithium Ltd. will post -0.14 EPS for the current year.

About Standard Lithium

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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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