Standard Lithium (CVE:SLL) Shares Up 16.4% – Still a Buy?

Standard Lithium Ltd. (CVE:SLL – Get Free Report) shot up 16.4% on Tuesday. The stock traded as high as C$6.95 and last traded at C$6.95. 1,408,977 shares were traded during trading, an increase of 298% from the average daily volume of 354,366 shares. The stock had previously closed at C$5.97.

Standard Lithium Trading Up 16.4%

The business has a 50 day simple moving average of C$6.95 and a 200-day simple moving average of C$6.95. The company has a current ratio of 20.48, a quick ratio of 20.26 and a debt-to-equity ratio of 6.45. The stock has a market capitalization of C$975.46 million and a price-to-earnings ratio of -33.57.

Institutional Investors Weigh In On Standard Lithium

A hedge fund recently bought a new position in Standard Lithium stock. Walleye Capital LLC bought a new position in Standard Lithium Ltd. (CVE:SLL – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 522,962 shares of the company’s stock, valued at approximately $1,438,000. Walleye Capital LLC owned about 0.37% of Standard Lithium as of its most recent filing with the Securities and Exchange Commission (SEC).

About Standard Lithium

(Get Free Report)

Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. Its flagship project is the Lanxess project where it operates approximately 150,000 acres of brine leases located in south-western Arkansas. The company was formerly known as Patriot Petroleum Corp. and changed its name to Standard Lithium Ltd. in December 2016. Standard Lithium Ltd. was incorporated in 1998 and is headquartered in Vancouver, Canada.

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