Frontier Lithium (CVE:FL) Stock Price Down 13.9% – Time to Sell?

Frontier Lithium Inc. (CVE:FL)’s stock price was down 13.9% on Thursday . The company traded as low as C$0.68 and last traded at C$0.68. Approximately 673,890 shares changed hands during mid-day trading, an increase of 401% from the average daily volume of 134,547 shares. The stock had previously closed at C$0.79.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reduced their price target on shares of Frontier Lithium from C$3.00 to C$2.50 in a research report on Friday, January 17th.

Frontier Lithium Stock Up 3.1 %

The firm’s 50 day simple moving average is C$0.50 and its 200 day simple moving average is C$0.55. The company has a market cap of C$147.34 million, a price-to-earnings ratio of -7.13 and a beta of 1.35. The company has a quick ratio of 5.19, a current ratio of 4.15 and a debt-to-equity ratio of 0.12.

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.