Frontier Lithium (CVE:FL) Given a C$0.75 Price Target at BMO Capital Markets

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 target price from analysts at BMO Capital Markets in a research note issued to investors on Wednesday, August 6th, Marketbeat Ratings reports. The brokerage presently has a "market perform" rating on the stock. BMO Capital Markets' price target suggests a potential upside of 41.51% from the stock's current price.

Frontier Lithium Price Performance

CVE:FL opened at C$0.53 on Wednesday. The firm has a market cap of C$118.32 million, a PE ratio of -5.73 and a beta of 1.35. Frontier Lithium has a 12 month low of C$0.39 and a 12 month 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's 50-day moving average price is C$0.53 and its two-hundred day moving average price is C$0.55.

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.