Frontier Lithium (CVE:FL) Trading Down 13.9% – Here’s What Happened

Shares of Frontier Lithium Inc. (CVE:FLGet Free Report) were down 13.9% on Wednesday . The stock traded as low as C$0.68 and last traded at C$0.68. Approximately 673,890 shares were traded 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 Analysts Forecast Growth

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

Read Our Latest Report on Frontier Lithium

Frontier Lithium Stock Performance

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 has a market capitalization of C$151.81 million, a PE ratio of -7.35 and a beta of 1.35. The firm’s fifty day moving average is C$0.49 and its 200-day moving average is C$0.55.

About Frontier Lithium

(Get Free Report)

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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