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

Frontier Lithium Inc. (CVE:FL) shares were down 13.9% during trading on Thursday . The company traded as low as C$0.68 and last traded at C$0.68. Approximately 673,890 shares were traded 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.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus decreased 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 company has a debt-to-equity ratio of 0.12, a quick ratio of 5.19 and a current ratio of 4.15. The company’s 50-day moving average price is C$0.50 and its 200 day moving average price is C$0.55. The stock 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.