Frontier Lithium (CVE:FL) Price Target Cut to C$2.50 by Analysts at Stifel Nicolaus

Frontier Lithium (CVE:FL) had its price target cut by Stifel Nicolaus from C$3.00 to C$2.50 in a report released on Friday,BayStreet.CA reports.

Frontier Lithium Trading Up 5.5 %

Shares of Frontier Lithium stock opened at C$0.48 on Friday. The firm has a market cap of C$109.26 million, a price-to-earnings ratio of -4.80 and a beta of 1.35. Frontier Lithium has a 52-week low of C$0.39 and a 52-week high of C$1.21. The company’s 50-day simple moving average is C$0.48 and its 200-day simple moving average is C$0.58. The company has a quick ratio of 5.19, a current ratio of 4.62 and a debt-to-equity ratio of 0.16.

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.