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

Frontier Lithium Inc. (CVE:FL) was down 13.9% on Thursday . The company traded as low as C$0.68 and last traded at C$0.68. Approximately 673,890 shares traded hands 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 lowered their price target on Frontier Lithium from C$3.00 to C$2.50 in a report on Friday, January 17th.

Frontier Lithium Stock Performance

The stock has a market capitalization of C$147.34 million, a P/E ratio of -7.13 and a beta of 1.35. The stock has a 50 day moving average of C$0.50 and a 200 day moving average of 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.

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.