Frontier Lithium (CVE:FL) Trading Down 13.9% – Should You Sell?

Shares of Frontier Lithium Inc. (CVE:FL) fell 13.9% during mid-day trading on Thursday . The stock traded as low as C$0.68 and last traded at C$0.68. 673,890 shares traded 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 decreased their price objective on shares of Frontier Lithium from C$3.00 to C$2.50 in a report on Friday, January 17th.

Frontier Lithium Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.19 and a current ratio of 4.15. The company has a market cap of C$147.34 million, a P/E ratio of -7.13 and a beta of 1.35. The firm’s fifty day moving average is C$0.50 and its two-hundred day moving average is C$0.55.

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.