Frontier Lithium (CVE:FL) Trading Up 2% - Here's Why

Key Points

• Frontier Lithium Inc. shares rose by 2% on Monday, trading at C$0.50, with a total of 54,751 shares exchanged, significantly lower than its average daily volume.
• The company has a market cap of C$111.62 million and operates with a debt-to-equity ratio of 0.12, highlighting a relatively stable financial position.
• Frontier Lithium is focused on the acquisition and development of mining properties, with its flagship project being the PAK Lithium project located in northwestern Ontario.

Frontier Lithium Inc. (CVE:FL - Get Free Report)'s stock price shot up 2% during mid-day trading on Monday . The stock traded as high as C$0.51 and last traded at C$0.50. 54,751 shares traded hands during trading, a decline of 50% from the average session volume of 108,433 shares. The stock had previously closed at C$0.49.

Analysts Set New Price Targets

Separately, BMO Capital Markets upgraded Frontier Lithium to a "hold" rating and set a C$0.75 price target on the stock in a research note on Wednesday.

Frontier Lithium Stock Up 2.0%

The firm's 50 day moving average is C$0.53 and its 200-day moving average is C$0.54. The firm has a market cap of C$113.86 million, a PE ratio of -5.51 and a beta of 1.35. The company has a quick ratio of 5.19, a current ratio of 4.15 and a debt-to-equity ratio of 0.12.

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.