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

Frontier Lithium Inc. (CVE:FL) shares dropped 13.9% on Thursday . 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 decreased their price objective on shares of Frontier Lithium from C$3.00 to C$2.50 in a report on Friday, January 17th.

Frontier Lithium Price Performance

The company has a quick ratio of 5.19, a current ratio of 4.15 and a debt-to-equity ratio of 0.12. The firm’s fifty 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 capitalization of C$151.81 million, a PE ratio of -7.35 and a beta of 1.35.

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.