Frontier Lithium (CVE:FL) Trading Down 12.7% – Should You Sell?

Frontier Lithium Inc. (CVE:FL)’s share price was down 12.7% during mid-day trading on Wednesday . The company traded as low as C$0.68 and last traded at C$0.69. Approximately 603,640 shares traded hands during trading, an increase of 354% from the average daily volume of 132,893 shares. The stock had previously closed at C$0.79.

Wall Street Analysts Forecast Growth

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

Frontier Lithium Price Performance

The stock has a market capitalization of C$151.81 million, a price-to-earnings ratio of -7.35 and a beta of 1.35. The company’s 50-day simple moving average is C$0.49 and its 200-day simple moving average is 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.

About Frontier Lithium

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.