Frontier Lithium Inc. (CVE:FL - Get Free Report) was down 12.7% during trading on Wednesday . The stock traded as low as C$0.68 and last traded at C$0.69. Approximately 603,640 shares were traded during trading, an increase of 354% from the average daily volume of 132,893 shares. The stock had previously closed at C$0.79.
Analyst Upgrades and Downgrades
Separately, Stifel Nicolaus dropped their price target on Frontier Lithium from C$3.00 to C$2.50 in a research note on Friday, January 17th.
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Frontier Lithium Stock Performance
The firm 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 current ratio of 4.15, a quick ratio of 5.19 and a debt-to-equity ratio of 0.12. The stock's 50 day moving average is C$0.50 and its 200 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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