Frontier Lithium (CVE:FL) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Frontier Lithium Inc. (CVE:FL) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.47 and traded as low as C$0.43. Frontier Lithium shares last traded at C$0.45, with a volume of 50,340 shares trading hands.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut their price objective 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 debt-to-equity ratio of 0.16, a current ratio of 4.62 and a quick ratio of 5.19. The stock has a fifty day simple moving average of C$0.47 and a 200-day simple moving average of C$0.56. The company has a market capitalization of C$101.30 million, a price-to-earnings ratio of -4.45 and a beta of 1.35.

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.