Frontier Lithium (CVE:FL) Director Sells C$89,140.15 in Stock

Key Points

• Director Marian Koziol sold 175,128 shares of Frontier Lithium, resulting in a total transaction value of C$89,140.15, marking a 14.24% decrease in their ownership position.
• Frontier Lithium's stock is currently trading at C$0.48, down 2.1%, with a 52-week range between C$0.39 and C$0.83.
• BMO Capital Markets set a price objective of C$0.75 for the stock, which carries a current average rating of "Hold" and a target price of C$1.63 according to analysts.

Frontier Lithium Inc. (CVE:FL - Get Free Report) Director Marian Koziol sold 175,128 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of C$0.51, for a total value of C$89,140.15. Following the transaction, the director directly owned 1,054,872 shares in the company, valued at approximately C$536,929.85. The trade was a 14.24% decrease in their position.

Frontier Lithium Trading Up 2.1%

FL traded up C$0.01 during mid-day trading on Friday, hitting C$0.49. 13,869 shares of the stock were exchanged, compared to its average volume of 106,563. The firm's fifty day moving average is C$0.51 and its two-hundred day moving average is C$0.55. Frontier Lithium Inc. has a 1-year low of C$0.39 and a 1-year high of C$0.83. The company has a current ratio of 4.15, a quick ratio of 5.19 and a debt-to-equity ratio of 0.12. The company has a market cap of C$112.23 million, a PE ratio of -8.17 and a beta of 1.17.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets set a C$0.75 price target on Frontier Lithium and gave the stock a "market perform" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Frontier Lithium presently has a consensus rating of "Hold" and a consensus target price of C$1.63.

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 27,415 hectares comprising three mining leases and 1,258 contiguous mining claims located in northwestern Ontario, Canada.