Frontier Lithium (CVE:FL) Stock Price Down 13.9% – Here’s What Happened

Frontier Lithium Inc. (CVE:FL) was down 13.9% on Thursday . The stock 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.

Analysts Set New Price Targets

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

Frontier Lithium Stock Down 13.9 %

The firm has a market capitalization of C$151.81 million, a price-to-earnings ratio of -7.35 and a beta of 1.35. 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 50 day moving average price of C$0.50 and a two-hundred day moving average price of 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.