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

Shares of Frontier Lithium Inc. (CVE:FL) dropped 13.9% during mid-day trading on Thursday . The stock 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.

Analysts Set New Price Targets

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 Price Performance

The stock has a fifty day simple moving average of C$0.50 and a two-hundred day simple moving average of C$0.55. The company has a market cap of C$151.81 million, a PE 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.

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.