Frontier Lithium (CVE:FL) Shares Pass Below 50-Day Moving Average – Here’s Why

Frontier Lithium Inc. (CVE:FL)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.48 and traded as low as C$0.41. Frontier Lithium shares last traded at C$0.41, with a volume of 14,916 shares traded.

Frontier Lithium Stock Performance

The firm has a market cap of C$101.48 million, a PE ratio of -8.10 and a beta of 0.82. The company has a 50 day simple moving average of C$0.48 and a 200-day simple moving average of C$0.69. The company has a debt-to-equity ratio of -42.85, a current ratio of 0.30 and a quick ratio of 5.19.

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. 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.