Frontier Lithium (CVE:FL) Stock Price Up 16.3%

Frontier Lithium Inc. (CVE:FL)’s stock price shot up 16.3% during mid-day trading on Wednesday . The company traded as high as C$0.94 and last traded at C$0.93. 258,768 shares were traded during mid-day trading, a decline of 8% from the average session volume of 280,696 shares. The stock had previously closed at C$0.80.

Analysts Set New Price Targets

A number of brokerages have issued reports on FL. Cormark decreased their price target on Frontier Lithium from C$3.75 to C$3.00 in a report on Thursday, March 14th. Desjardins set a C$2.50 target price on Frontier Lithium and gave the stock a “buy” rating in a research note on Tuesday, March 5th.

Frontier Lithium Trading Up 11.3 %

The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.19 and a current ratio of 4.41. The firm has a market capitalization of C$202.59 million, a price-to-earnings ratio of -7.27 and a beta of 1.32. The company has a 50 day moving average price of C$0.75 and a two-hundred day moving average price of C$0.78.

Frontier Lithium (CVE:FL) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C($0.02) EPS for the quarter.

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 27,069 hectares comprising three mining leases and 1,258 contiguous mining claims located in northwestern Ontario, Canada.