Standard Lithium (OTCMKTS:SLI) Trading Down 3.5% – Here’s Why

Standard Lithium Ltd. (OTCMKTS:SLIGet Free Report)’s stock price dropped 3.5% during mid-day trading 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 Down 3.5 %

The stock has a fifty day simple moving average of $1.69 and a 200 day simple moving average of $1.55. The firm has a market capitalization of $283.31 million, a P/E ratio of -16.40 and a beta of 1.67.

About Standard Lithium

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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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