Frontier Lithium (OTCMKTS:LITOF) Stock Price Down 5.4% – Here’s Why

Frontier Lithium Inc. (OTCMKTS:LITOFGet Free Report) was down 5.4% during trading on Monday . The stock traded as low as $0.3455 and last traded at $0.3562. Approximately 78,478 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 64,938 shares. The stock had previously closed at $0.3765.

Frontier Lithium Trading Down 5.4%

The firm’s 50 day moving average is $0.44 and its two-hundred day moving average is $0.55.

Frontier Lithium Company Profile

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Frontier Lithium Corporation (OTCMKTS:LITOF) is a Canadian mineral exploration and development company focused on the acquisition, exploration and advancement of hard-rock lithium properties. The company’s primary objective is to establish a reliable supply of high-grade lithium spodumene concentrate to support the growing electric vehicle and battery storage markets. Frontier Lithium’s flagship asset is the PAK Project, a significant lithium pegmatite deposit in northwestern Ontario.

The PAK Project covers a contiguous land package of more than 13,000 hectares in the Ignace region near Thunder Bay.

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