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

Frontier Lithium Inc. (CVE:FL) was down 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 changed 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 Ratings Changes

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

Frontier Lithium Price Performance

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 company’s 50-day simple moving average is C$0.50 and its 200-day simple moving average is C$0.55. The stock has a market capitalization of C$147.34 million, a P/E ratio of -7.13 and a beta of 1.35.

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.