Standard Lithium (CVE:SLL) Shares Up 3.4%

Standard Lithium Ltd (CVE:SLL) shot 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 traded hands 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 boosted their target price on Standard Lithium from C$1.70 to C$1.80 in a report on Wednesday, May 20th.

The company has a fifty day simple moving average of C$1.19 and a 200-day simple moving average of C$0.92. The company has a debt-to-equity ratio of 10.39, a current ratio of 1.04 and a quick ratio of 1.00. The company has a market cap of $88.09 million and a P/E ratio of -22.66.

In other news, insider Anthony Alvaro bought 50,000 shares of the business’s stock in a transaction on Friday, June 26th. The shares were bought at an average cost of C$1.05 per share, with a total value of C$52,500.00. Following the purchase, the insider now directly owns 1,000,000 shares in the company, 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.

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