Frontier Lithium (CVE:FL) Shares Down 13.9% - What's Next?

Shares of Frontier Lithium Inc. (CVE:FL - Get Free Report) 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 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.

Analysts Set New Price Targets

Separately, Stifel Nicolaus cut their price objective on 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 current ratio of 4.15, a quick ratio of 5.19 and a debt-to-equity ratio of 0.12. The stock's fifty day moving average price is C$0.50 and its two-hundred day moving average price is C$0.55. The firm has a market capitalization of C$147.34 million, a price-to-earnings 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.