Frontier Lithium (CVE:FL) Stock Price Down 13.9% – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Frontier Lithium Stock Performance

The stock has a market capitalization of C$147.34 million, a PE ratio of -7.13 and a beta of 1.35. 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 has a 50 day moving average price of C$0.50 and a 200-day moving average price of C$0.55.

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.