Frontier Lithium (CVE:FL) Shares Down 13.9% - Should You Sell?

Shares of Frontier Lithium Inc. (CVE:FL - Get Free Report) dropped 13.9% on Thursday . The stock traded as low as C$0.68 and last traded at C$0.68. Approximately 673,890 shares were traded during mid-day trading, an increase of 401% from the average daily volume of 134,547 shares. The stock had previously closed at C$0.79.

Analysts Set New Price Targets

Separately, Stifel Nicolaus decreased 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 Up 3.1 %

The company has a 50 day moving average price of C$0.50 and a two-hundred day moving average price of 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. The stock has a market cap of C$147.34 million, a PE ratio of -7.13 and a beta of 1.35.

About Frontier Lithium

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.