Frontier Lithium (CVE:FL) Stock Price Up 5.7% - Should You Buy?

Shares of Frontier Lithium Inc. (CVE:FL - Get Free Report) traded up 5.7% during mid-day trading on Thursday . The company traded as high as C$0.58 and last traded at C$0.56. 126,179 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 87,182 shares. The stock had previously closed at C$0.53.

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 report on Friday, January 17th.

Frontier Lithium Stock Performance

The stock has a market cap of C$120.55 million, a PE ratio of -5.83 and a beta of 1.35. The company has a fifty day moving average price of C$0.46 and a 200 day moving average price of C$0.54. The company has a quick ratio of 5.19, a current ratio of 4.15 and a debt-to-equity ratio of 0.12.

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.