Standard Lithium (CVE:SLI) Sets New 12-Month High – Here’s Why

Standard Lithium Ltd. (CVE:SLI) reached a new 52-week high on Friday . The stock traded as high as C$5.90 and last traded at C$5.90, with a volume of 182332 shares. The stock had previously closed at C$5.32.

Wall Street Analysts Forecast Growth

Several research firms have commented on SLI. Raymond James Financial raised Standard Lithium to a “moderate buy” rating in a report on Thursday, July 10th. BMO Capital Markets raised Standard Lithium to a “strong-buy” rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Standard Lithium Stock Performance

The company has a market capitalization of C$1.17 billion, a P/E ratio of 9.40 and a beta of 1.60. The firm has a 50 day moving average price of C$4.08 and a two-hundred day moving average price of C$2.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 25.41 and a current ratio of 4.37.

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.