Frontier Lithium (CVE:FL) Shares Up 16.3%

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

Analyst Ratings Changes

Several research firms have weighed in on FL. Cormark lowered their price target on shares of Frontier Lithium from C$3.75 to C$3.00 in a research note on Thursday, March 14th. Desjardins set a C$2.50 price target on shares of Frontier Lithium and gave the stock a "buy" rating in a research note on Tuesday, March 5th.

Frontier Lithium Trading Up 6.2 %

The firm has a market cap of C$193.49 million, a PE ratio of -7.73 and a beta of 1.32. The company has a quick ratio of 5.19, a current ratio of 4.41 and a debt-to-equity ratio of 0.38. The stock's fifty day simple moving average is C$0.75 and its two-hundred day simple moving average is C$0.79.

Frontier Lithium (CVE:FL - Get Free Report) last announced 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.