Frontier Lithium (CVE:FL) Shares Down 13.9% - Here's What Happened

Shares of Frontier Lithium Inc. (CVE:FL - Get Free Report) were down 13.9% 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 Ratings Changes

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

Frontier Lithium Stock Down 3.0 %

The firm has a market cap of C$142.88 million, a P/E ratio of -6.91 and a beta of 1.35. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.19 and a current ratio of 4.15. The stock's 50 day simple moving average is C$0.50 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.