Standard Lithium (CVE:SLL) Trading 16.4% Higher – Still a Buy?

Standard Lithium Ltd. (CVE:SLL) was up 16.4% during mid-day trading on Monday . The stock traded as high as C$6.95 and last traded at C$6.95. Approximately 1,408,977 shares were traded 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 Trading Up 16.4%

The company has a market cap of C$975.46 million and a P/E ratio of -33.57. The business 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 debt-to-equity ratio of 6.45, a quick ratio of 20.26 and a current ratio of 20.48.

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. and changed its name to Standard Lithium Ltd. in December 2016. Standard Lithium Ltd. was incorporated in 1998 and is headquartered in Vancouver, Canada.