Frontier Lithium (CVE:FL) Trading Down 13.9% – Here’s What Happened

Frontier Lithium Inc. (CVE:FL) shares fell 13.9% during trading on Thursday . The company traded as low as C$0.68 and last traded at C$0.68. 673,890 shares changed hands during trading, an increase of 401% from the average session volume of 134,547 shares. The stock had previously closed at C$0.79.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus dropped their price objective on Frontier Lithium from C$3.00 to C$2.50 in a report on Friday, January 17th.

Frontier Lithium Stock Up 3.1 %

The company’s fifty day simple moving average is C$0.50 and its 200 day simple moving average is C$0.55. The company has a current ratio of 4.15, a quick ratio of 5.19 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of C$147.34 million, a P/E ratio of -7.13 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.