Shares of Frontier Lithium Inc. (CVE:FL - Get Free Report) fell 13.9% on Thursday . The company traded as low as C$0.68 and last traded at C$0.68. 673,890 shares were traded 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.
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus reduced their price objective on shares of Frontier Lithium from C$3.00 to C$2.50 in a research note on Friday, January 17th.
Check Out Our Latest Analysis on Frontier Lithium
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 cap of C$142.88 million, a P/E ratio of -6.91 and a beta of 1.35. The company's 50-day moving average is C$0.50 and its two-hundred day moving average is C$0.55.
Frontier Lithium Company Profile
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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.
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