Frontier Lithium (CVE:FL) Shares Cross Below 50-Day Moving Average – What’s Next?

Frontier Lithium Inc. (CVE:FL) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.86 and traded as low as C$0.84. Frontier Lithium shares last traded at C$0.85, with a volume of 253,692 shares trading hands.

Frontier Lithium Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 4.15 and a quick ratio of 5.19. The business’s 50 day moving average price is C$0.86 and its 200 day moving average price is C$0.69. The stock has a market capitalization of C$195.98 million, a P/E ratio of -17.00 and a beta of 1.34.

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.