Frontier Lithium (CVE:FL) Share Price Passes Below 50 Day Moving Average – Here’s Why

Frontier Lithium Inc. (CVE:FLGet Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.48 and traded as low as C$0.41. Frontier Lithium shares last traded at C$0.41, with a volume of 14,916 shares changing hands.

Frontier Lithium Price Performance

The company has a debt-to-equity ratio of -42.85, a quick ratio of 5.19 and a current ratio of 0.30. The company’s 50 day moving average price is C$0.48 and its 200 day moving average price is C$0.69. The company has a market cap of C$103.99 million, a price-to-earnings ratio of -8.30 and a beta of 0.82.

Frontier Lithium Company Profile

(Get Free Report)

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. Frontier Lithium Inc also holds interest in Spark Pegmatite project located in southeastern Ontario, Canada; and Pennock Pegmatite located in northwest Ontario, Canada; and Bolt Pegmatite located in Ontario, Canada.

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