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

Frontier Lithium Inc. (CVE:FL)’s share price traded down 13.9% during trading on Thursday . The stock traded as low as C$0.68 and last traded at C$0.68. 673,890 shares were traded during mid-day trading, an increase of 401% from the average session volume of 134,547 shares. The stock had previously closed at C$0.79.

Analyst Ratings Changes

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

Frontier Lithium Stock Performance

The company has a market capitalization 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 quick ratio of 5.19 and a current ratio of 4.15. The stock’s fifty day simple moving average is C$0.50 and its 200-day simple moving average 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.