Shares of Standard Lithium Ltd. (CVE:SLL – Get Free Report) shot up 16.4% during trading on Thursday . The stock traded as high as C$6.95 and last traded at C$6.95. 1,408,977 shares traded hands during 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 company has a current ratio of 20.48, a quick ratio of 20.26 and a debt-to-equity ratio of 6.45. The firm has a market capitalization of C$975.46 million and a P/E ratio of -33.57. The business’s 50 day simple moving average is C$6.95 and its two-hundred day simple moving average is C$6.95.
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 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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