Frontier Lithium (CVE:FL) Shares Cross Above 50-Day Moving Average – Should You Sell?

Shares of Frontier Lithium Inc. (CVE:FL) passed 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 trading hands.

Analyst Upgrades and Downgrades

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

Frontier Lithium Stock Down 11.3 %

The company has a current ratio of 4.15, a quick ratio of 5.19 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average price is C$0.57 and its two-hundred day moving average price is C$0.54. The stock has a market capitalization of C$122.79 million, a P/E ratio of -5.94 and a beta of 1.35.

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.