Frontier Lithium Inc. (CVE:FL – Get Free Report)’s share price shot up 2.4% on Thursday. The company traded as high as C$0.43 and last traded at C$0.43. 32,227 shares traded hands during trading, a decline of 86% from the average session volume of 236,589 shares. The stock had previously closed at C$0.42.
Frontier Lithium Stock Performance
The company has a 50-day moving average price of C$0.43 and a two-hundred day moving average price of C$0.52. The company has a current ratio of 0.63, a quick ratio of 5.19 and a debt-to-equity ratio of -260.39. The stock has a market capitalization of C$107.74 million, a P/E ratio of -8.60 and a beta of 0.51.
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. 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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