Frontier Lithium (CVE:FL) Trading 10.3% Higher – Still a Buy?

Frontier Lithium Inc. (CVE:FL) shares rose 10.3% on Tuesday . The company traded as high as C$0.83 and last traded at C$0.75. Approximately 415,010 shares were traded during trading, an increase of 246% from the average daily volume of 119,831 shares. The stock had previously closed at C$0.68.

Wall Street Analysts Forecast Growth

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

Frontier Lithium Trading Up 16.2 %

The business’s fifty day simple moving average is C$0.49 and its 200 day simple moving average is C$0.55. 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 stock has a market cap of C$176.37 million, a price-to-earnings 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.