Frontier Lithium (CVE:FL) Stock Price Down 13.9% – Time to Sell?

Shares of Frontier Lithium Inc. (CVE:FL) dropped 13.9% during 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 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 reduced their target price on shares of Frontier Lithium from C$3.00 to C$2.50 in a report on Friday, January 17th.

Frontier Lithium Stock Performance

The stock’s fifty day moving average price is C$0.50 and its two-hundred day moving average price is C$0.55. 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 has a market cap of C$147.34 million, a P/E ratio of -7.13 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.