Frontier Lithium (CVE:FL) Stock Price Down 13.9% – Time to Sell?

Frontier Lithium Inc. (CVE:FL)’s share price was down 13.9% during trading on Thursday . The company traded as low as C$0.68 and last traded at C$0.68. Approximately 673,890 shares were traded 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 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 research note on Friday, January 17th.

Frontier Lithium Trading Up 3.1 %

The company has a current ratio of 4.15, a quick ratio of 5.19 and a debt-to-equity ratio of 0.12. The company has a market cap of C$147.34 million, a PE ratio of -7.13 and a beta of 1.35. The business’s 50-day simple moving average is C$0.50 and its 200-day simple moving average is 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.