Standard Lithium Ltd. (CVE:SLL – Get Free Report) rose 16.4% 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 firm has a 50 day simple moving average of C$6.95 and a two-hundred day simple moving average of C$6.95. The company has a quick ratio of 20.26, a current ratio of 20.48 and a debt-to-equity ratio of 6.45. The stock has a market capitalization of C$975.46 million and a P/E 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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