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

Shares of Frontier Lithium Inc. (CVE:FL) dropped 13.9% on Thursday . The company traded as low as C$0.68 and last traded at C$0.68. Approximately 673,890 shares changed hands during mid-day 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 Analyst Weigh In

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

Frontier Lithium Price Performance

The company has a 50 day moving average of C$0.50 and a 200 day moving average of C$0.55. 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 has a market capitalization of C$151.81 million, a price-to-earnings ratio of -7.35 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.