Frontier Lithium (CVE:FL) Stock Price Down 13.9% – Should You Sell?

Frontier Lithium Inc. (CVE:FL)’s share price dropped 13.9% during trading on Thursday . The stock traded as low as C$0.68 and last traded at C$0.68. Approximately 673,890 shares changed 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 lowered their price target on Frontier Lithium from C$3.00 to C$2.50 in a report on Friday, January 17th.

Frontier Lithium Stock Up 3.1 %

The stock’s fifty day moving average price is C$0.50 and its 200 day moving average price 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. The stock has a market cap of C$147.34 million, a P/E ratio of -7.13 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.