Frontier Lithium (CVE:FL) Trading Down 13.9% – Time to Sell?

Frontier Lithium Inc. (CVE:FL)’s stock price dropped 13.9% during mid-day trading on Wednesday . The stock traded as low as C$0.68 and last traded at C$0.68. 673,890 shares traded hands 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 cut their price target on shares of Frontier Lithium from C$3.00 to C$2.50 in a report on Friday, January 17th.

Frontier Lithium Price Performance

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 50-day moving average is C$0.49 and its two-hundred day moving average is C$0.55. The stock has a market cap of C$151.81 million, a PE 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.