Frontier Lithium Inc. (CVE:FL - Get Free Report)'s share price dropped 13.9% on Wednesday . The company 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 Upgrades and Downgrades
Separately, Stifel Nicolaus cut their price target on Frontier Lithium from C$3.00 to C$2.50 in a report on Friday, January 17th.
Check Out Our Latest Stock Report on FL
Frontier Lithium Stock Up 3.1 %
The company has a quick ratio of 5.19, a current ratio of 4.15 and a debt-to-equity ratio of 0.12. The firm's 50-day moving average price is C$0.50 and its 200 day moving average price is C$0.55. The firm has a market cap of C$147.34 million, a P/E ratio of -7.13 and a beta of 1.35.
About Frontier Lithium
(
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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.
Further Reading
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