Frontier Lithium (CVE:FL) Trading Down 13.9% – Should You Sell?

Frontier Lithium Inc. (CVE:FL)’s stock price 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 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 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 Stock Down 13.9 %

The company has a 50-day simple moving average of C$0.50 and a 200-day simple moving average of C$0.55. The firm has a market cap of C$151.81 million, a PE ratio of -7.35 and a beta of 1.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.15 and a quick ratio of 5.19.

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.