Previous close | 28.56 |
Open | 28.96 |
Bid | 28.31 x 4000 |
Ask | 28.57 x 800 |
Day's range | 28.50 - 29.03 |
52-week range | 24.44 - 34.73 |
Volume | |
Avg. volume | 3,718,593 |
Market cap | 83.492B |
Beta (5Y monthly) | 0.34 |
PE ratio (TTM) | 8.78 |
EPS (TTM) | 3.25 |
Earnings date | 24 Jul 2024 |
Forward dividend & yield | 1.30 (4.55%) |
Ex-dividend date | 15 May 2024 |
1y target est | 31.48 |
Per the deal, Equinor (EQNR) will pay Standard Lithium $30 million to cover past expenses related to the projects proportional to the acquired interest.
Equinor ASA (NYSE:EQNR) has entered into a strategic partnership with Standard Lithium Ltd (NYSE:SLI), a near-commercial lithium development company. This partnership aims to expedite the advancement of Standard Lithium’s sustainable lithium projects in the Smackover Formation. The transaction, valued at up to $160 million, marks Equinor’s entrance into the lithium sphere. Equinor has a 45% ownership stake in Standard Lithium’s projects. This includes a $30 million cash payment upon closing and
Equinor Commits to Contribute up to a US$160 million Gross Investment for a 45% interest in two special purpose entities with SLI to develop a sustainable lithium business in the United StatesVANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium development company, today announced the closing of a landmark strategic partnership (the “Transaction”) with