Frontier Lithium (CVE:FL) Stock Passes Below 50 Day Moving Average – What’s Next?

Shares of Frontier Lithium Inc. (CVE:FL) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.89 and traded as low as C$0.88. Frontier Lithium shares last traded at C$0.91, with a volume of 400,124 shares traded.

Frontier Lithium Stock Down 2.2%

The firm’s 50-day moving average is C$0.90 and its two-hundred day moving average is C$0.72. The company has a debt-to-equity ratio of -67.27, a quick ratio of 5.19 and a current ratio of 0.37. The stock has a market cap of C$202.90 million, a P/E ratio of -17.60 and a beta of 1.34.

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. Frontier Lithium Inc also holds interest in Spark Pegmatite project located in southeastern Ontario, Canada; and Pennock Pegmatite located in northwest Ontario, Canada; and Bolt Pegmatite located in Ontario, Canada.