Shares of Frontier Lithium Inc. (CVE:FL - Get Free Report) traded down 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.
Analyst Upgrades and Downgrades
Separately, Stifel Nicolaus reduced their target price on Frontier Lithium from C$3.00 to C$2.50 in a research note on Friday, January 17th.
Read Our Latest Research Report on Frontier Lithium
Frontier Lithium Stock Performance
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 business has a 50 day simple moving average of C$0.50 and a two-hundred day simple moving average of C$0.55. The firm has a market cap of C$147.34 million, a PE ratio of -7.13 and a beta of 1.35.
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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