Frontier Lithium (CVE:FL) Trading Down 13.9% – Should You Sell?

Shares of Frontier Lithium Inc. (CVE:FL) dropped 13.9% during mid-day trading on Thursday . The company traded as low as C$0.68 and last traded at C$0.68. Approximately 673,890 shares changed hands during mid-day 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 decreased their price objective on shares of Frontier Lithium from C$3.00 to C$2.50 in a research report on Friday, January 17th.

Frontier Lithium Price Performance

The business’s 50 day moving average price is C$0.50 and its two-hundred day moving average price is C$0.55. The stock has a market cap of C$147.34 million, a P/E ratio of -7.13 and a beta of 1.35. The company has a current ratio of 4.15, a quick ratio of 5.19 and a debt-to-equity ratio of 0.12.

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.