Frontier Lithium (CVE:FL) Share Price Passes Below 50 Day Moving Average - Here's Why

Frontier Lithium Inc. (CVE:FL - Get Free Report)'s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.47 and traded as low as C$0.43. Frontier Lithium shares last traded at C$0.45, with a volume of 50,340 shares traded.

Wall Street Analysts Forecast Growth

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

Frontier Lithium Price Performance

The firm has a market capitalization of C$103.57 million, a P/E ratio of -4.55 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 5.19 and a current ratio of 4.62. The business has a fifty day moving average of C$0.47 and a 200-day moving average of C$0.56.

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.