Frontier Lithium (CVE:FL) Stock Price Down 8.9% – Here’s Why

Shares of Frontier Lithium Inc. (CVE:FL) traded down 8.9% during trading on Wednesday . The stock traded as low as C$0.72 and last traded at C$0.72. 574,938 shares were traded during mid-day trading, an increase of 335% from the average session volume of 132,061 shares. The stock had previously closed at C$0.79.

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped their price objective on shares of Frontier Lithium from C$3.00 to C$2.50 in a research note on Friday, January 17th.

Frontier Lithium Price Performance

The company has a market capitalization of C$151.81 million, a price-to-earnings ratio of -7.35 and a beta of 1.35. 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 company’s 50 day simple moving average is C$0.49 and its 200-day simple moving average is C$0.55.

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.