Standard Lithium (CVE:SLI) Trading Down 3.1% – Here’s What Happened

Standard Lithium Ltd. (CVE:SLI) fell 3.1% during trading on Friday . The company traded as low as C$2.16 and last traded at C$2.18. Approximately 80,916 shares were traded during trading, a decline of 66% from the average daily volume of 239,417 shares. The stock had previously closed at C$2.25.

Standard Lithium Stock Performance

The stock has a market cap of C$402.38 million, a P/E ratio of 2.66 and a beta of 1.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.30 and a quick ratio of 25.41. The company has a fifty day moving average of C$2.27 and a 200 day moving average of C$2.20.

Standard Lithium (CVE:SLI) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C($0.04) EPS for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.01). On average, equities 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.