Frontier Lithium (CVE:FL) Shares Down 5.3% – Here’s What Happened

Frontier Lithium Inc. (CVE:FL)’s share price traded down 5.3% during mid-day trading on Monday . The stock traded as low as C$0.54 and last traded at C$0.54. 64,225 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 154,786 shares. The stock had previously closed at C$0.57.

Frontier Lithium Stock Down 5.3 %

The company has a debt-to-equity ratio of 0.16, a quick ratio of 5.19 and a current ratio of 4.62. The company has a market capitalization of C$122.92 million, a PE ratio of -5.40 and a beta of 1.35. The company’s fifty day moving average is C$0.59 and its 200-day moving average is C$0.66.

Frontier Lithium (CVE:FL) last announced its quarterly earnings data on Friday, August 23rd. 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 27,415 hectares comprising three mining leases and 1,258 contiguous mining claims located in northwestern Ontario, Canada.