Standard Lithium (CVE:SLI) Shares Up 15.8% – Time to Buy?

Standard Lithium Ltd. (CVE:SLI)’s share price shot up 15.8% during mid-day trading on Tuesday . The company traded as high as C$3.17 and last traded at C$3.15. 644,690 shares changed hands during mid-day trading, an increase of 368% from the average session volume of 137,636 shares. The stock had previously closed at C$2.72.

Standard Lithium Stock Performance

The company has a quick ratio of 25.41, a current ratio of 3.30 and a debt-to-equity ratio of 0.29. The company has a market capitalization of C$581.43 million, a PE ratio of 3.57 and a beta of 1.93. The stock’s fifty day simple moving average is C$2.05 and its 200-day simple moving average is C$1.93.

Standard Lithium (CVE:SLI) last issued its earnings results on Tuesday, September 24th. The company reported C($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C($0.05). On average, research analysts predict that Standard Lithium Ltd. will post -0.2 earnings per share for the current fiscal year.

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.