Frontier Lithium (CVE:FL) Trading Up 5.7% – Should You Buy?

Frontier Lithium Inc. (CVE:FL)’s share price traded up 5.7% during mid-day trading on Thursday . The company traded as high as C$0.58 and last traded at C$0.56. 126,179 shares changed hands during trading, an increase of 45% from the average session volume of 87,182 shares. The stock had previously closed at C$0.53.

Analysts Set New Price Targets

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

Frontier Lithium Price Performance

The company has a market capitalization of C$120.55 million, a P/E ratio of -5.83 and a beta of 1.35. The business’s 50-day simple moving average is C$0.46 and its 200 day simple moving average is C$0.54. The company has a current ratio of 4.15, a quick ratio of 5.19 and a debt-to-equity ratio of 0.12.

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.