Frontier Lithium (CVE:FL) Trading Down 3% - Time to Sell?

Key Points

• Frontier Lithium Inc. shares dropped 3% to C$0.64, with trading volume down 17% from the average daily volume.
• BMO Capital Markets set a price objective of C$0.75 for Frontier Lithium, while the stock has an average target price of C$1.63 from analysts.
• Corporate insider Marian Koziol sold 175,128 shares, reducing their ownership by 14.24%, highlighting potential concerns about management confidence in the stock.

Frontier Lithium Inc. (CVE:FL - Get Free Report) shares were down 3% during mid-day trading on Tuesday . The stock traded as low as C$0.63 and last traded at C$0.64. Approximately 97,540 shares were traded during trading, a decline of 17% from the average daily volume of 118,108 shares. The stock had previously closed at C$0.66.

Analyst Upgrades and Downgrades

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

Frontier Lithium Trading Down 3.0%

The business's 50 day moving average is C$0.52 and its two-hundred day moving average 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. The firm has a market capitalization of C$146.59 million, a P/E ratio of -10.67 and a beta of 1.29.

Insider Buying and Selling at Frontier Lithium

In related news, Director Marian Koziol sold 175,128 shares of Frontier Lithium stock in a transaction dated 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 directly owned 1,054,872 shares in the company, valued at C$536,929.85. The trade was a 14.24% decrease in their ownership of the stock. 13.78% of the stock is currently owned by corporate insiders.

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.

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