Frontier Lithium (CVE:FL) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Frontier Lithium Inc. (CVE:FL) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.57 and traded as high as C$0.63. Frontier Lithium shares last traded at C$0.55, with a volume of 137,815 shares traded.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus decreased their target price 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 business’s fifty day moving average price is C$0.57 and its 200 day moving average price is C$0.54. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.15 and a quick ratio of 5.19. The stock has a market cap of C$122.79 million, a P/E ratio of -5.94 and a beta of 1.35.

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.