RY 152.64 -0.722% TD 79.42 -0.3638% SHOP 86.76 0.2311% CNR 165.66 -0.2529% ENB 50.17 0.8645% CP 114.78 0.4463% BMO 119.46 0.395% TRI 223.44 -0.1118% CNQ 48.32 -1.2265% BN 63.27 -0.1263% ATD 82.05 -0.231% CSU 4214.73 0.4019% BNS 64.16 -1.1707% CM 68.67 0.0146% SU 52.85 -0.7139% TRP 56.41 2.0441% NGT 64.6 -0.9202% WCN 247.72 -0.394% MFC 35.62 -0.6138% BCE 45.62 -0.2405%

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Two TSX-Listed Stocks Showing A Positive Momentum

The benchmark S&P/TSX Composite Index (TSX: ^TSX) started the last week on a positive note and maintained a bullish momentum for the entire week. The S&P/TSX composite index advanced by 361.52 points (1.65%) to 22308.93 for the week ending May 10, 2024. On May 13, 2024, the index closed at 22259.17, down by 49.76 points or ~0.22%.

Standard Lithium Ltd. (TSX: SLI) is engaged in the exploration and development of lithium brine properties in the United States. The Company is focused on the exploration and development of the Arkansas Lithium Project is located in south-central Arkansas. Its other projects comprise of Lanxess Project, Tetra project, and Bristol Dry Lake Project.

In Q3, Standard Lithium continued to execute on its strategic plan, responsibly and efficiently advancing their projects, which is a key positive. While the lithium sector has experienced challenges over the past year, however, at present the positive indicators are pointing toward stability, and the fundamentals of the lithium market to remain strong. This presents a timely moment for the company to showcase its strengths.

Price Action Analysis (on the Daily Chart)

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