Shares of Standard Lithium Ltd. (NYSEAMERICAN:SLI – Get Free Report) dropped 3.4% during trading on Monday . The stock traded as low as $1.30 and last traded at $1.40. Approximately 1,951,926 shares were traded during 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 Stock Performance
The firm has a 50-day moving average price of $1.49. The company has a market capitalization of $241.85 million, a price-to-earnings ratio of -6.36 and a beta of 1.81.
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.
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