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

Frontier Lithium Inc. (CVE:FL) traded down 13.9% during trading on Thursday . The stock traded as low as C$0.68 and last traded at C$0.68. 673,890 shares were traded during trading, an increase of 401% from the average session volume of 134,547 shares. The stock had previously closed at C$0.79.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lowered 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 Stock Performance

The stock has a market cap of C$151.81 million, a price-to-earnings ratio of -7.35 and a beta of 1.35. The stock’s 50 day moving average is C$0.50 and its two-hundred day moving average is C$0.55. The company has a current ratio of 4.15, a quick ratio of 5.19 and a debt-to-equity ratio of 0.12.

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.