Frontier Lithium (CVE:FL) Stock Price Down 13.9% - Here's What Happened

Frontier Lithium Inc. (CVE:FL - Get Free Report) shares fell 13.9% during mid-day trading on Thursday . The company traded as low as C$0.68 and last traded at C$0.68. 673,890 shares traded hands 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 Ratings Changes

Separately, Stifel Nicolaus cut their price objective on Frontier Lithium from C$3.00 to C$2.50 in a report on Friday, January 17th.

Frontier Lithium Price Performance

The stock has a market capitalization of C$147.34 million, a PE ratio of -7.13 and a beta of 1.35. The firm's 50 day simple moving average is C$0.50 and its 200 day simple moving average is C$0.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.15 and a quick ratio of 5.19.

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.