Frontier Lithium (CVE:FL) Trading Up 16.3%

Frontier Lithium Inc. (CVE:FL) shares were up 16.3% during mid-day trading on Wednesday . The company traded as high as C$0.94 and last traded at C$0.93. Approximately 258,768 shares changed hands during trading, a decline of 8% from the average daily volume of 280,696 shares. The stock had previously closed at C$0.80.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FL shares. Desjardins set a C$2.50 price target on Frontier Lithium and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Cormark dropped their price objective on Frontier Lithium from C$3.75 to C$3.00 in a research report on Thursday, March 14th.

Frontier Lithium Stock Performance

The business has a 50-day moving average of C$0.76 and a two-hundred day moving average of C$0.79. The company has a market cap of C$182.10 million, a P/E ratio of -7.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.41 and a quick ratio of 5.19.

Frontier Lithium (CVE:FL) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C($0.02) earnings per share for the quarter.

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 three mining leases and 1,258 contiguous mining claims located in northwestern Ontario, Canada.