Frontier Lithium (CVE:FL) Shares Down 13.9% – Should You Sell?

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

Analyst Ratings Changes

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

Frontier Lithium Price Performance

The stock’s fifty day moving average price is C$0.50 and its 200-day moving average price is C$0.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.19 and a current ratio of 4.15. The firm 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.