
BMO Capital Markets Upgrades Standard Lithium (CVE:SLI) to "Strong-Buy"

BMO Capital Markets has upgraded Standard Lithium (CVE:SLI) to a "strong-buy" rating in a recent research report. This follows a separate upgrade by Raymond James Financial to a "moderate buy" rating. Standard Lithium's shares opened at C$3.92, with a market cap of C$721.08 million and a price-to-earnings ratio of 4.67. The company focuses on lithium brine properties in the U.S., particularly the Lanxess project in Arkansas.
Standard Lithium (CVE:SLI - Get Free Report) was upgraded by equities research analysts at BMO Capital Markets to a "strong-buy" rating in a research report issued on Wednesday,Zacks.com reports.
Separately, Raymond James Financial upgraded Standard Lithium to a "moderate buy" rating in a research note on Thursday, July 10th.
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Standard Lithium Price Performance
Shares of CVE:SLI opened at C$3.92 on Wednesday. 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 has a 1 year low of C$1.50 and a 1 year high of C$4.04. The business has a fifty day simple moving average of C$3.04 and a 200 day simple moving average of C$2.37. The firm has a market cap of C$721.08 million, a price-to-earnings ratio of 4.67 and a beta of 1.93.
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 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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