Standard Lithium (CVE:SLI) Stock Price Up 1.2% – Time to Buy?

Standard Lithium Ltd. (CVE:SLI) traded up 1.2% on Friday . The company traded as high as C$5.21 and last traded at C$5.12. 210,061 shares were traded during mid-day trading, a decline of 17% from the average session volume of 252,735 shares. The stock had previously closed at C$5.06.

Wall Street Analysts Forecast Growth

Separately, Evercore raised Standard Lithium to a “strong-buy” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Standard Lithium Price Performance

The company has a current ratio of 20.17, a quick ratio of 25.41 and a debt-to-equity ratio of 0.06. The firm has a market cap of C$1.25 billion, a PE ratio of -22.26 and a beta of 1.00. The business has a fifty day moving average of C$5.14 and a 200-day moving average of C$5.79.

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