Why Standard Lithium Stock Sank on Monday

Why Standard Lithium Stock Sank on Monday
·3 min read

Mid-last week, investment banking company Canaccord gave Standard Lithium stock a price target of CA$14 per share, up significantly from its previous price target of CA$9.25 a share, based on the company's preliminary assessment study for a lithium project released the previous day. Standard Lithium's preliminary assessment revealed promising results, including potential operating cost of mine of only $2,599 per metric ton. Based on lithium hydroxide's current price of around $14,500 per metric ton, Standard Lithium projected it could earn a handsome internal rate of return of 32.1% on the project.

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