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

Frontier Lithium Inc. (CVE:FL)’s stock 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 mid-day 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 reduced 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 current ratio of 4.15, a quick ratio of 5.19 and a debt-to-equity ratio of 0.12. The stock has a market cap of C$147.34 million, a PE ratio of -7.13 and a beta of 1.35. The company has a fifty day moving average of C$0.50 and a 200-day moving average of C$0.55.

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.