Frontier Lithium (CVE:FL) Stock Price Down 3.7% - What's Next?

Key Points

• Frontier Lithium's stock price decreased by 3.7% during mid-day trading, with shares last traded at C$0.52 after a low of C$0.51.
• Trading activity surged, as approximately 713,906 shares were exchanged, marking a 613% increase from the average daily volume.
• The company's market cap is C$113.86 million, and it has a debt-to-equity ratio of 0.12, indicating relatively low debt levels.

Frontier Lithium Inc. (CVE:FL - Get Free Report) dropped 3.7% on Wednesday . The stock traded as low as C$0.51 and last traded at C$0.52. Approximately 713,906 shares changed hands during mid-day trading, an increase of 613% from the average daily volume of 100,077 shares. The stock had previously closed at C$0.54.

Frontier Lithium Price Performance

The stock has a 50-day moving average price of C$0.53 and a two-hundred day moving average price of C$0.54. The stock has a market cap of C$111.62 million, a price-to-earnings ratio of -5.40 and a beta of 1.35. The company has a current ratio of 4.15, a quick ratio of 5.19 and a debt-to-equity ratio of 0.12.

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.