Frontier Lithium (CVE:FL) Shares Down 13.9% – What’s Next?

Shares of Frontier Lithium Inc. (CVE:FL) traded down 13.9% during mid-day trading on Thursday . The company traded as low as C$0.68 and last traded at C$0.68. 673,890 shares were traded during trading, an increase of 401% from the average session volume of 134,547 shares. The stock had previously closed at C$0.79.

Analyst Upgrades and Downgrades

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

Frontier Lithium Price Performance

The company has a 50-day moving average price of C$0.50 and a two-hundred day moving average price of C$0.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.15 and a quick ratio of 5.19. The company has a market cap of C$151.81 million, a PE ratio of -7.35 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.