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

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

Wall Street Analysts Forecast Growth

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

Frontier Lithium Price Performance

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 50 day moving average price of C$0.50 and a two-hundred day moving average price of C$0.55. The firm has a market capitalization of C$151.81 million, a price-to-earnings ratio of -7.35 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.