Frontier Lithium (CVE:FL) Price Target Cut to C$2.50 by Analysts at Stifel Nicolaus

Frontier Lithium (CVE:FL) had its price objective reduced by stock analysts at Stifel Nicolaus from C$3.00 to C$2.50 in a report issued on Friday,BayStreet.CA reports. Stifel Nicolaus’ price objective suggests a potential upside of 437.63% from the company’s current price.

Frontier Lithium Price Performance

Shares of FL traded up C$0.01 during trading hours on Friday, reaching C$0.47. 20,627 shares of the company’s stock traded hands, compared to its average volume of 94,286. The stock has a market cap of C$105.85 million, a PE ratio of -4.65 and a beta of 1.35. The company has a current ratio of 4.62, a quick ratio of 5.19 and a debt-to-equity ratio of 0.16. The firm’s 50 day simple moving average is C$0.48 and its 200-day simple moving average is C$0.58. Frontier Lithium has a 12 month low of C$0.39 and a 12 month high of C$1.21.

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.