Why Standard Lithium Plunged 25% Today
Shares of Standard Lithium (NYSEMKT: SLI) plunged 27.9% on Friday as of 11:43 a.m. ET.
Standard Lithium owns a large Lithium mining operation spanning East Texas and Arkansas, and its stock has been the beneficiary of the government's recent focus on bolstering domestic sources of critical materials.
In late September, the Department of Energy said it would be taking a 5% equity stake in Standard Lithium's peer Lithium Americas. In response, Standard Lithium's stock rose along with that of Lithium Americas and other miners of critical materials.
Source Fool.com
