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

Frontier Lithium Inc. (CVE:FL)’s stock price fell 13.9% during trading on Thursday . The stock 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 decreased their price target on Frontier Lithium from C$3.00 to C$2.50 in a research note 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 company has a 50 day moving average price of C$0.50 and a 200 day moving average price of C$0.55. 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.