Standard Lithium (OTCMKTS:SLI) Stock Price Up 3.8%

Standard Lithium Ltd. (OTCMKTS:SLI) shares shot up 3.8% on Monday . The stock traded as high as $1.10 and last traded at $1.09. 476,949 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 1,249,867 shares. The stock had previously closed at $1.05.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets started coverage on Standard Lithium in a report on Friday, February 16th. They set an “outperform” rating for the company.

Standard Lithium Trading Up 3.7 %

The company’s 50-day moving average is $1.20 and its 200-day moving average is $1.82. The firm has a market cap of $195.21 million, a price-to-earnings ratio of -5.14 and a beta of 1.88.

Standard Lithium (OTCMKTS:SLI) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Equities research analysts forecast that Standard Lithium Ltd. will post -0.08 EPS for the current year.

About Standard Lithium

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.