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

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

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus dropped their price target 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 market capitalization of C$151.81 million, a P/E ratio of -7.35 and a beta of 1.35. 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 business’s fifty day simple moving average is C$0.50 and its 200-day simple moving average is 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.