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

by · The Markets Daily

Frontier Lithium Inc. (CVE:FL – Get Free Report) was down 13.9% during mid-day trading on Thursday . The company traded as low as C$0.68 and last traded at C$0.68. Approximately 673,890 shares traded hands during trading, an increase of 401% from the average daily volume of 134,547 shares. The stock had previously closed at C$0.79.

Analyst Upgrades and Downgrades

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.

Check Out Our Latest Stock Analysis on Frontier Lithium

Frontier Lithium Stock Performance

The firm has a market cap of C$147.34 million, a P/E ratio of -7.13 and a beta of 1.35. The company has a quick ratio of 5.19, a current ratio of 4.15 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average of C$0.50 and a 200-day moving average of C$0.55.

About Frontier Lithium

(Get Free Report)

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.

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