Frontier Lithium (CVE:FL) Sets New 1-Year Low – Here’s What Happened

Frontier Lithium Inc. (CVE:FL) shares hit a new 52-week low on Thursday. The company traded as low as C$0.34 and last traded at C$0.35, with a volume of 74,068 shares changing hands. The stock had previously closed at C$0.36.

Frontier Lithium Trading Down 3.3%

The company has a current ratio of 0.63, a quick ratio of 5.19 and a debt-to-equity ratio of -260.39. The business has a 50 day moving average price of C$0.41 and a 200-day moving average price of C$0.58. The firm has a market capitalization of C$87.20 million, a PE ratio of -6.96 and a beta of 0.04.

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.