Standard Lithium (CVE:SLI) Trading Down 3.1% – Time to Sell?

Standard Lithium Ltd. (CVE:SLI)’s share price traded down 3.1% during trading on Friday . The stock traded as low as C$2.16 and last traded at C$2.18. 80,916 shares traded hands during trading, a decline of 66% from the average session volume of 239,417 shares. The stock had previously closed at C$2.25.

Standard Lithium Trading Down 3.1 %

The company has a fifty day simple moving average of C$2.27 and a two-hundred day simple moving average of C$2.20. The company has a market capitalization 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.

Standard Lithium (CVE:SLI) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.01). On average, analysts forecast that Standard Lithium Ltd. will post -0.2 earnings per share for the current fiscal year.

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.