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

Frontier Lithium Inc. (CVE:FL)’s stock price dropped 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.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus dropped their price target on Frontier Lithium from C$3.00 to C$2.50 in a research report on Friday, January 17th.

Frontier Lithium Trading Down 13.9 %

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 firm has a 50-day moving average of C$0.50 and a 200-day moving average of C$0.55. The firm has a market capitalization of C$151.81 million, a P/E ratio of -7.35 and a beta of 1.35.

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.