Frontier Lithium (CVE:FL) Trading Up 1.5%

Shares of Frontier Lithium Inc. (CVE:FL) rose 1.5% during trading on Tuesday . The company traded as high as C$0.68 and last traded at C$0.68. Approximately 144,532 shares were traded during trading, a decline of 15% from the average daily volume of 170,732 shares. The stock had previously closed at C$0.67.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FL shares. Royal Bank of Canada lowered their price target on Frontier Lithium from C$3.25 to C$2.50 and set an “outperform” rating on the stock in a report on Wednesday, May 29th. Stifel Nicolaus decreased their target price on Frontier Lithium from C$4.80 to C$3.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st.

Frontier Lithium Price Performance

The company has a market capitalization of C$157.06 million, a PE ratio of -7.00 and a beta of 1.38. The company has a current ratio of 4.62, a quick ratio of 5.19 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average price is C$0.64 and its 200-day moving average price is C$0.75.

Frontier Lithium (CVE:FL) last announced its quarterly earnings results on Wednesday, July 24th. The company reported C($0.03) earnings per share (EPS) for the quarter.

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 27,069 hectares comprising three mining leases and 1,258 contiguous mining claims located in northwestern Ontario, Canada.