Standard Lithium (CVE:SLI) Shares Down 4.6%

Standard Lithium Ltd. (CVE:SLI)’s share price fell 4.6% during mid-day trading on Wednesday . The stock traded as low as C$3.66 and last traded at C$3.71. 175,504 shares were traded during trading, an increase of 66% from the average session volume of 105,504 shares. The stock had previously closed at C$3.89.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reduced their target price on shares of Standard Lithium from C$13.00 to C$9.00 in a report on Monday, September 11th.

Standard Lithium Stock Up 0.3 %

The company has a debt-to-equity ratio of 0.73, a quick ratio of 25.41 and a current ratio of 2.62. The company has a market capitalization of C$596.33 million, a PE ratio of -11.47 and a beta of 2.27. The firm’s 50-day simple moving average is C$3.94 and its 200 day simple moving average is C$4.90.

Standard Lithium (CVE:SLI) last announced its quarterly earnings data on Friday, September 22nd. The company reported C($0.15) EPS for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.13). As a group, equities research analysts forecast that Standard Lithium Ltd. will post -0.2 earnings per share for the current year.

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.