Frontier Lithium Inc. (CVE:FL - Get Free Report) dropped 13.9% on Wednesday . The stock traded as low as C$0.68 and last traded at C$0.68. Approximately 673,890 shares changed hands during trading, an increase of 401% from the average daily volume of 134,547 shares. The stock had previously closed at C$0.79.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus dropped their price objective on shares of Frontier Lithium from C$3.00 to C$2.50 in a research note on Friday, January 17th.
View Our Latest Stock Analysis on Frontier Lithium
Frontier Lithium Stock Performance
The stock's 50-day moving average is C$0.50 and its 200 day moving average is C$0.55. The stock 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.
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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