Frontier Lithium (CVE:FL) Trading Down 13.9% – Time to Sell?

Frontier Lithium Inc. (CVE:FL) traded down 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 traded hands 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 dropped their price objective on Frontier Lithium from C$3.00 to C$2.50 in a report on Friday, January 17th.

Frontier Lithium Stock Down 13.9 %

The company’s fifty day simple moving average is C$0.50 and its 200 day simple moving average is C$0.55. 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 firm has a market capitalization of C$151.81 million, a P/E 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.