Standard Lithium (NYSEAMERICAN:SLI) Releases Earnings Results, Misses Expectations By $0.01 EPS

Standard Lithium (NYSEAMERICAN:SLI) issued its earnings results on Thursday. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), Zacks reports.

Standard Lithium Stock Performance

Shares of SLI stock traded down $0.08 during trading hours on Thursday, reaching $1.38. The company had a trading volume of 2,032,013 shares, compared to its average volume of 2,016,262. Standard Lithium has a 12-month low of $1.32 and a 12-month high of $6.00. The company has a market capitalization of $340.56 million, a price-to-earnings ratio of -6.90 and a beta of 2.15. The stock has a fifty day moving average of $1.76 and a 200-day moving average of $3.03.

Analyst Ratings Changes

Separately, Jefferies Financial Group began coverage on shares of Standard Lithium in a research report on Wednesday, September 2nd. They set a “hold” rating and a $2.90 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Standard Lithium presently has an average rating of “Moderate Buy” and an average target price of $3.83.

About Standard Lithium

Standard Lithium Ltd. is a Canada-based company focused on developing lithium projects in the United States. It is advancing resources in the Smackover Formation, a geological region spanning parts of Arkansas and Texas that contains lithium-bearing brine. The company is developing direct lithium extraction processes intended to recover lithium from brine and produce battery-grade lithium carbonate. Its projects include the South West Arkansas Project and lithium development areas in East Texas.