Shares of Standard Lithium Ltd (CVE:SLL) traded up 3.4% during mid-day trading on Wednesday . The stock traded as high as C$1.55 and last traded at C$1.50. 417,028 shares were traded during trading, an increase of 207% from the average session volume of 135,716 shares. The stock had previously closed at C$1.45.
Separately, HC Wainwright raised their price objective on Standard Lithium from C$1.70 to C$1.80 in a report on Wednesday, May 20th.
The stock has a market cap of $88.09 million and a price-to-earnings ratio of -22.66. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 10.39. The stock has a fifty day moving average of C$1.19 and a two-hundred day moving average of C$0.92.
In other news, insider Anthony Alvaro bought 50,000 shares of Standard Lithium stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average price of C$1.05 per share, for a total transaction of C$52,500.00. Following the completion of the acquisition, the insider now owns 1,000,000 shares of the company’s stock, valued at C$1,050,000.
Standard Lithium Company Profile (CVE:SLL)
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.
Recommended Story: How can you know how many shares are floating?
Receive News & Ratings for Standard Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Lithium and related companies with MarketBeat.com's FREE daily email newsletter.