Frontier Lithium (CVE:FL) Shares Up 10.3% – What’s Next?

Frontier Lithium Inc. (CVE:FL)’s stock price shot up 10.3% during trading on Tuesday . The stock traded as high as C$0.83 and last traded at C$0.75. 415,010 shares changed hands during mid-day trading, an increase of 246% from the average session volume of 119,831 shares. The stock had previously closed at C$0.68.

Analyst Ratings Changes

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

Frontier Lithium Stock Up 16.2 %

The company has a debt-to-equity ratio of 0.12, a current ratio of 4.15 and a quick ratio of 5.19. The business has a 50 day simple moving average of C$0.49 and a 200 day simple moving average of C$0.55. The stock has a market cap of C$176.37 million, a PE ratio of -8.53 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.