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

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

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut their price objective on Frontier Lithium from C$3.00 to C$2.50 in a research report on Friday, January 17th.

Frontier Lithium Trading Down 13.9 %

The company has a 50 day simple moving average of C$0.49 and a 200 day simple moving average of C$0.55. The company has a market capitalization of C$151.81 million, a PE ratio of -7.35 and a beta of 1.35. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.19 and a current ratio of 4.15.

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.