Frontier Lithium (CVE:FL) Stock Passes Below 50 Day Moving Average – Time to Sell?

Shares of Frontier Lithium Inc. (CVE:FL) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.47 and traded as low as C$0.43. Frontier Lithium shares last traded at C$0.45, with a volume of 50,340 shares traded.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut their price target on Frontier Lithium from C$3.00 to C$2.50 in a research note on Friday, January 17th.

Frontier Lithium Trading Up 2.3 %

The company’s 50-day simple moving average is C$0.47 and its 200 day simple moving average is C$0.56. The company has a quick ratio of 5.19, a current ratio of 4.62 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of C$101.30 million, a PE ratio of -4.45 and a beta of 1.35.

Frontier Lithium Company Profile

Frontier Lithium Inc engages in the acquisition, exploration, and development of mining properties in North America. Its flagship property includes the PAK Lithium project, which covers approximately 27,415 hectares comprising three mining leases and 1,258 contiguous mining claims located in northwestern Ontario, Canada.