Standard Lithium (OTCMKTS:SLI) Shares Down 3.5% – Time to Sell?

Shares of Standard Lithium Ltd. (OTCMKTS:SLIGet Free Report) were down 3.5% on Friday . The stock traded as low as $1.58 and last traded at $1.64. Approximately 1,350,561 shares traded hands during trading, a decline of 9% from the average daily volume of 1,487,542 shares. The stock had previously closed at $1.70.

Standard Lithium Stock Performance

The company’s fifty day simple moving average is $1.69 and its two-hundred day simple moving average is $1.56. The company has a market capitalization of $283.31 million, a price-to-earnings ratio of -16.40 and a beta of 1.67.

Standard Lithium Company Profile

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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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