BMO Capital Markets Reiterates C$0.75 Price Target for Frontier Lithium (CVE:FL)

Key Points

• BMO Capital Markets has set a price target of C$0.75 for Frontier Lithium (CVE:FL), suggesting a potential upside of 47.06% from the previous closing price.
• Shares of Frontier Lithium recently traded down 3.8%, reaching C$0.51, with an average trading volume of 149,452 shares.
• Frontier Lithium specializes in the exploration and development of mining properties, with its flagship PAK Lithium project located in northwestern Ontario.

Frontier Lithium (CVE:FL - Get Free Report) received a C$0.75 price objective from stock analysts at BMO Capital Markets in a report issued on Wednesday, Marketbeat.com reports. The firm presently has a "market perform" rating on the stock. BMO Capital Markets' price target indicates a potential upside of 47.06% from the company's previous close.

Frontier Lithium Price Performance

FL stock opened at C$0.51 on Wednesday. Frontier Lithium has a 52 week low of C$0.39 and a 52 week high of C$0.83. The company has a quick ratio of 5.19, a current ratio of 4.15 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of C$0.53 and a two-hundred day simple moving average of C$0.55. The firm has a market capitalization of C$113.86 million, a P/E ratio of -5.51 and a beta of 1.35.

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