Frontier Lithium (CVE:FL) Trading Down 13.9% – Here’s Why

Frontier Lithium Inc. (CVE:FL)’s share price traded down 13.9% during 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.

Analysts Set New Price Targets

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

Frontier Lithium Stock Performance

The company has a quick ratio of 5.19, a current ratio of 4.15 and a debt-to-equity ratio of 0.12. The stock has a market cap of C$147.34 million, a price-to-earnings ratio of -7.13 and a beta of 1.35. The stock’s fifty day moving average is C$0.50 and its 200-day moving average is C$0.55.

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.