Frontier Lithium (CVE:FL) Share Price Passes Above 50 Day Moving Average - Should You Sell?

Frontier Lithium Inc. (CVE:FL - Get Free Report)'s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.57 and traded as high as C$0.63. Frontier Lithium shares last traded at C$0.55, with a volume of 137,815 shares changing hands.

Analysts Set New Price Targets

Separately, Stifel Nicolaus dropped their price target on shares of Frontier Lithium from C$3.00 to C$2.50 in a research note on Friday, January 17th.

Frontier Lithium Stock Up 22.0 %

The stock has a market cap of C$136.18 million, a P/E ratio of -6.59 and a beta of 1.35. The firm has a 50 day simple moving average of C$0.58 and a two-hundred day simple moving average of C$0.54. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.19 and a current ratio of 4.15.

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.