Spotting A Winner: Standard Lithium Ltd (AMEX: SLI) Retreats -5.78 And It Still Have Room To Run

Standard Lithium Ltd (AMEX:SLI) currently has a daily average trading volume of 2.11M but it saw 1277758 shares traded in last market. With a market cap of 304.13M USD, the company’s current market price of $1.63 came falling about -5.78 while comparing to the previous closing price of $1.73. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.64 and as low as $1.05. In the recent trading on the day, stock has struck highest price mark of $1.62 while lowest mark touched by it was $1.725.

Taking a look at 20-day trading activity of Standard Lithium Ltd (SLI) gives us an average price of $1.8180, while its current price level is -38.26% below from 52-week high level whereas it is 55.24% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.9366 while that of 200 days or SMA-200 reads an average of $1.4667. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.08% during that period while stretching the period over a month that increases to 7.92%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 40.13 which implies that the stock is in neutral territory.

Over the week, SLI’s stock price is moving -1.81% down while it is -29.74% when we observe its performance for the past one month. Year-to-date it is -19.31% down and over the past year, the stock is showing a downside performance of -24.19%.

Currently, Standard Lithium Ltd’s total number of outstanding shares is 184.58M. Company’s return on investment (ROI) stands at 44.76% and return on equity (ROE) at 61.03%. It has a price to earnings ratio (P/E ratio) of 2.77. Stock’s beta reads 1.83. Stock has a price to book (P/B) ratio of 1.23. Its return on asset (ROA) is 54.28% on average.