Standard Lithium (CVE:SLI) Reaches New 1-Year High – Time to Buy?

Standard Lithium Ltd. (CVE:SLI) shares reached a new 52-week high on Monday . The company traded as high as C$4.29 and last traded at C$4.23, with a volume of 21952 shares changing hands. The stock had previously closed at C$4.25.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SLI. Raymond James Financial raised shares of Standard Lithium to a “moderate buy” rating in a research report on Thursday, July 10th. BMO Capital Markets upgraded shares of Standard Lithium to a “strong-buy” rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Standard Lithium has a consensus rating of “Strong Buy”.

Standard Lithium Stock Down 2.6%

The stock has a market cap of C$844.74 million, a P/E ratio of 6.80 and a beta of 1.60. The company’s 50 day moving average price is C$3.64 and its two-hundred day moving average price is C$2.63. The company has a current ratio of 4.37, a quick ratio of 25.41 and a debt-to-equity ratio of 0.24.

Standard Lithium Company Profile

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.