Stifel Nicolaus Has Lowered Expectations for Frontier Lithium (CVE:FL) Stock Price

Frontier Lithium (CVE:FL) had its price objective decreased by equities researchers at Stifel Nicolaus from C$3.00 to C$2.50 in a research report issued on Friday,BayStreet.CA reports. Stifel Nicolaus’ price objective would suggest a potential upside of 420.83% from the stock’s previous close.

Frontier Lithium Price Performance

Shares of CVE:FL opened at C$0.48 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.62 and a quick ratio of 5.19. Frontier Lithium has a one year low of C$0.39 and a one year high of C$1.21. The firm has a market capitalization of C$109.26 million, a price-to-earnings ratio of -4.80 and a beta of 1.35. The company’s fifty day moving average price is C$0.48 and its 200-day moving average price is C$0.57.

Frontier Lithium Company Profile

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.