Frontier Lithium (CVE:FL) Shares 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)'s stock price was down 1% during trading on Tuesday . The company traded as low as C$0.49 and last traded at C$0.49. Approximately 56,684 shares traded hands during trading, a decline of 46% from the average daily volume of 105,894 shares. The stock had previously closed at C$0.49.

Analyst Upgrades and Downgrades

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

Frontier Lithium Price Performance

The stock has a market cap of C$111.09 million, a price-to-earnings ratio of -8.08 and a beta of 1.17. The stock's 50 day moving average price is C$0.51 and its two-hundred day moving average price is C$0.54. The company has a quick ratio of 5.19, a current ratio of 4.15 and a debt-to-equity ratio of 0.12.

Insider Transactions at Frontier Lithium

In other Frontier Lithium news, Director Marian Koziol sold 175,128 shares of the stock in a transaction 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 transaction, the director directly owned 1,054,872 shares of the company's stock, valued at 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.

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.