Standard Lithium Ltd (CVE:SLL)’s share price reached a new 52-week low on Wednesday . The company traded as low as C$0.71 and last traded at C$0.72, with a volume of 98750 shares changing hands. The stock had previously closed at C$0.74.
SLL has been the subject of a number of analyst reports. HC Wainwright set a C$3.20 price objective on shares of Standard Lithium and gave the company a “buy” rating in a research report on Thursday, February 7th. Roth Capital reissued a “buy” rating on shares of Standard Lithium in a research report on Monday, March 11th.
The company has a debt-to-equity ratio of 2.00, a quick ratio of 5.84 and a current ratio of 9.70. The stock has a market cap of $66.91 million and a price-to-earnings ratio of 17.86.
Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. The company's flagship project is the Smackover lithium brine project covering an area of 30,000 acres of brine leases located in southern Arkansas. It also holds interest in the Bristol Dry Lake project that covers an area of approximately 155 square kilometers located in the Mojave region of San Bernardino County, California.
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