Frontier Lithium (CVE:FL) Trading Down 8.9% - Here's Why

Shares of Frontier Lithium Inc. (CVE:FL - Get Free Report) were down 8.9% on Wednesday . The stock traded as low as C$0.72 and last traded at C$0.72. Approximately 574,938 shares were traded during mid-day trading, an increase of 335% from the average daily volume of 132,061 shares. The stock had previously closed at C$0.79.

Analyst Upgrades and Downgrades

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

Frontier Lithium Stock Performance

The company has a market cap of C$147.34 million, a price-to-earnings ratio of -7.13 and a beta of 1.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.15 and a quick ratio of 5.19. The firm has a fifty day simple moving average of C$0.50 and a 200 day simple moving average of 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.