Standard Lithium Ltd. (NYSEAMERICAN:SLI – Get Free Report)’s share price dropped 3.4% during trading on Monday . The stock traded as low as $1.30 and last traded at $1.40. Approximately 1,951,926 shares traded hands during mid-day trading, an increase of 62% from the average daily volume of 1,206,100 shares. The stock had previously closed at $1.45.
Standard Lithium Price Performance
The company has a 50-day moving average price of $1.49. The firm has a market cap of $224.58 million, a price-to-earnings ratio of -5.91 and a beta of 1.81.
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 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.
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