Frontier Lithium (CVE:FL) Trading Down 1% - Here's Why

Key Points

• Frontier Lithium's shares decreased by 1% during trading, closing at C$0.49, with a significant 46% decline in trading volume compared to the average.
• BMO Capital Markets set a price target of C$0.75 on the stock, maintaining a "market perform" rating, while the consensus rating remains a "Hold" with a target of C$1.63.
• Director Marian Koziol sold 175,128 shares of Frontier Lithium, reducing their ownership by 14.24% while insiders collectively own 13.78% of the company's stock.

Frontier Lithium Inc. (CVE:FL - Get Free Report) fell 1% during mid-day trading on Tuesday . The stock traded as low as C$0.49 and last traded at C$0.49. 56,684 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 105,894 shares. The stock had previously closed at C$0.49.

Analyst Ratings Changes

Separately, BMO Capital Markets set a C$0.75 price objective on shares of Frontier Lithium and gave the company a "market perform" rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of C$1.63.

Frontier Lithium Stock Up 1.0%

The firm's 50-day moving average price is C$0.51 and its 200 day moving average price is C$0.54. The firm has a market capitalization of C$112.23 million, a price-to-earnings ratio of -8.17 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.15 and a quick ratio of 5.19.

Insider Transactions at Frontier Lithium

In related news, Director Marian Koziol sold 175,128 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of C$0.51, for a total transaction of C$89,140.15. Following the sale, the director owned 1,054,872 shares in the company, valued at approximately C$536,929.85. This trade represents a 14.24% decrease in their ownership of the stock. Company insiders own 13.78% of the company's stock.

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.