Frontier Lithium Inc. (OTC:LITOF – Get Rating) dropped 4.7% on Thursday . The company traded as low as C$1.40 and last traded at C$1.41. Approximately 71,734 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 90,828 shares. The stock had previously closed at C$1.48.
Wall Street Analysts Forecast Growth
LITOF has been the subject of a number of analyst reports. Desjardins initiated coverage on shares of Frontier Lithium in a report on Wednesday, April 5th. They set a “buy” rating for the company. Royal Bank of Canada upped their price target on shares of Frontier Lithium from C$3.25 to C$3.75 in a report on Wednesday, February 15th.
Frontier Lithium Stock Performance
The business’s 50-day moving average price is C$1.48.
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 27,069 hectares comprising two mining leases and 1,368 contiguous mining claims located in northwestern Ontario, Canada.
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