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

Frontier Lithium Inc. (CVE:FL)’s stock price dropped 13.9% on Thursday . The company traded as low as C$0.68 and last traded at C$0.68. Approximately 673,890 shares traded 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 Ratings Changes

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

Frontier Lithium Stock Performance

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 firm has a market capitalization 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 price is C$0.50 and its two-hundred day moving average price 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.