Shares of Standard Lithium Ltd. (CVE:SLL – Get Free Report) shot up 16.4% during mid-day trading on Friday . The company traded as high as C$6.95 and last traded at C$6.95. 1,408,977 shares changed hands during mid-day trading, an increase of 298% from the average session volume of 354,366 shares. The stock had previously closed at C$5.97.
Standard Lithium Stock Performance
The stock has a market cap of C$975.46 million and a price-to-earnings ratio of -33.57. The company has a debt-to-equity ratio of 6.45, a current ratio of 20.48 and a quick ratio of 20.26. The firm has a fifty day moving average of C$6.95 and a 200 day moving average of C$6.95.
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 where it operates approximately 150,000 acres of brine leases located in south-western Arkansas. The company was formerly known as Patriot Petroleum Corp.
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