Frontier Lithium (CVE:FL) Shares Pass Below 50-Day Moving Average – Here’s Why

Shares of Frontier Lithium Inc. (CVE:FL) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.63 and traded as low as C$0.60. Frontier Lithium shares last traded at C$0.60, with a volume of 61,024 shares changing hands.

Frontier Lithium Trading Down 3.2 %

The company has a market cap of C$136.58 million, a price-to-earnings ratio of -6.00 and a beta of 1.35. The company has a quick ratio of 5.19, a current ratio of 4.62 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average is C$0.63 and its 200 day moving average is C$0.73.

Frontier Lithium (CVE:FL) last released its quarterly earnings results on Friday, August 23rd. The company reported C($0.02) EPS for the quarter.

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 27,069 hectares comprising three mining leases and 1,258 contiguous mining claims located in northwestern Ontario, Canada.