Shares of Standard Lithium Ltd. (CVE:SLL – Get Rating) rose 16.4% during mid-day trading on Friday . The stock traded as high as C$6.95 and last traded at C$6.95. Approximately 1,408,977 shares changed hands during trading, an increase of 298% from the average daily volume of 354,366 shares. The stock had previously closed at C$5.97.
Standard Lithium Stock Up 16.4 %
The company has a debt-to-equity ratio of 6.45, a quick ratio of 20.26 and a current ratio of 20.48. The firm has a fifty day simple moving average of C$6.95 and a 200-day simple moving average of C$6.95. The company has a market capitalization of C$975.46 million and a PE ratio of -33.57.
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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