Frontier Lithium Inc. (CVE:FL – Get Rating)’s stock price traded up 2.8% on Monday . The company traded as high as C$2.28 and last traded at C$2.21. 601,391 shares traded hands during mid-day trading, an increase of 141% from the average session volume of 249,357 shares. The stock had previously closed at C$2.15.
Analyst Upgrades and Downgrades
FL has been the subject of a number of analyst reports. Royal Bank of Canada set a C$3.25 price objective on shares of Frontier Lithium and gave the stock an “outperform” rating in a research report on Monday, December 5th. Cormark reduced their price objective on shares of Frontier Lithium from C$4.50 to C$4.00 in a research report on Thursday, November 17th. Finally, Stifel Nicolaus set a C$4.80 target price on Frontier Lithium and gave the stock a “buy” rating in a research report on Tuesday, November 22nd.
Frontier Lithium Trading Up 1.4 %
The company has a market cap of C$502.07 million and a price-to-earnings ratio of -43.08. The business has a fifty day simple moving average of C$2.06 and a 200 day simple moving average of C$2.11. The company has a quick ratio of 5.19, a current ratio of 5.19 and a debt-to-equity ratio of 1.36.
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 27,069 hectares comprising two mining leases and 1,368 contiguous mining claims located in northwestern Ontario, Canada.
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