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

Frontier Lithium Inc. (CVE:FL) was down 13.9% during mid-day trading on Thursday . The company traded as low as C$0.68 and last traded at C$0.68. Approximately 673,890 shares traded hands during 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 objective on shares of Frontier Lithium from C$3.00 to C$2.50 in a research note on Friday, January 17th.

Frontier Lithium Trading Up 3.1 %

The stock has a market capitalization of C$147.34 million, a P/E ratio of -7.13 and a beta of 1.35. The company has a quick ratio of 5.19, a current ratio of 4.15 and a debt-to-equity ratio of 0.12. The stock’s 50 day moving average price is C$0.50 and its 200-day moving average price is 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.