Standard Lithium (CVE:SLI) Shares Up 3.3%

Standard Lithium Ltd. (CVE:SLIGet Rating) shot up 3.3% on Tuesday . The company traded as high as C$7.85 and last traded at C$7.85. 57,655 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 287,928 shares. The stock had previously closed at C$7.60.

Separately, Echelon Wealth Partners reaffirmed a “speculative buy” rating on shares of Standard Lithium in a research note on Thursday, April 7th.

The company has a market capitalization of C$1.31 billion and a price-to-earnings ratio of -35.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 115.99 and a quick ratio of 113.97.

About Standard Lithium (CVE:SLI)

Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. Its flagship project is the Lanxess project with 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.

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