Frontier Lithium (CVE:FL) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Frontier Lithium Inc. (CVE:FL) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.44 and traded as low as C$0.42. Frontier Lithium shares last traded at C$0.42, with a volume of 101,401 shares trading hands.

Frontier Lithium Stock Performance

The company has a debt-to-equity ratio of -260.39, a quick ratio of 5.19 and a current ratio of 0.63. The company has a market cap of C$106.49 million, a price-to-earnings ratio of -8.50 and a beta of 0.82. The firm’s 50-day moving average price is C$0.44 and its 200 day moving average price is C$0.61.

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.