Frontier Lithium (CVE:FL) Stock Jumps 2.4% – Time to Buy?

Shares of Frontier Lithium Inc. (CVE:FL) traded up 2.4% during trading on Thursday. The stock traded as high as C$0.43 and last traded at C$0.43. 32,227 shares were traded during trading, a decline of 86% from the average daily volume of 236,589 shares. The stock had previously closed at C$0.42.

Frontier Lithium Stock Up 2.4%

The company has a debt-to-equity ratio of -260.39, a quick ratio of 5.19 and a current ratio of 0.63. The firm’s 50 day moving average price is C$0.43 and its two-hundred day moving average price is C$0.52. The company has a market cap of C$107.74 million, a P/E ratio of -8.60 and a beta of 0.51.

Frontier Lithium Company Profile

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.