Frontier Lithium (CVE:FL) Shares Down 5.3% – Here’s Why

Frontier Lithium Inc. (CVE:FLGet Free Report)’s stock price traded down 5.3% on Monday . The company traded as low as C$0.54 and last traded at C$0.54. 64,225 shares traded hands during trading, a decline of 59% from the average session volume of 154,786 shares. The stock had previously closed at C$0.57.

Frontier Lithium Stock Performance

The company has a quick ratio of 5.19, a current ratio of 4.62 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of C$122.92 million, a P/E ratio of -5.40 and a beta of 1.35. The business has a fifty day moving average price of C$0.59 and a 200-day moving average price of C$0.66.

Frontier Lithium (CVE:FLGet Free Report) last issued its quarterly earnings data on Friday, August 23rd. The company reported C($0.02) earnings per share for the quarter.

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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