Why Standard Lithium Stock Crashed Today
Standard Lithium (NYSEMKT: SLI) stock crashed this morning, plummeting 15.4% as of 10:58 a.m. ET Thursday thanks to a scathing short-seller attack.
Standard Lithium doesn't mine lithium but uses a technology called LiSTR to directly extract lithium from brine. It has a couple of agreements to explore and extract lithium from brine, including one with Germany-based specialty chemicals company Lanxess. Standard Lithium is developing a 150,000-acre flagship project in south Arkansas with Lanxess.
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Source Fool.com
