Frontier Lithium (CVE:FL) Trading Up 16.3%

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

Wall Street Analyst Weigh In

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

Frontier Lithium Price Performance

The firm has a 50-day simple moving average of C$0.76 and a 200 day simple moving average of C$0.79. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.41 and a quick ratio of 5.19. The firm has a market cap of C$182.10 million, a PE ratio of -7.27 and a beta of 1.32.

Frontier Lithium (CVE:FL) last issued its earnings results 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.