Frontier Lithium (CVE:FL) Stock Price Down 13.9% – What’s Next?

Frontier Lithium Inc. (CVE:FL)’s share price traded down 13.9% during trading on Thursday . The company 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 Upgrades and Downgrades

Separately, Stifel Nicolaus decreased their price target on 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 current ratio of 4.15, a quick ratio of 5.19 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is C$0.50 and its 200-day moving average is C$0.55. The company has a market capitalization of C$151.81 million, a P/E ratio of -7.35 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.