Frontier Lithium (CVE:FL) Hits New 12-Month High – What’s Next?

Frontier Lithium Inc. (CVE:FL) shares reached a new 52-week high on Thursday . The company traded as high as C$0.83 and last traded at C$0.80, with a volume of 232366 shares trading hands. The stock had previously closed at C$0.78.

Frontier Lithium Price Performance

The stock has a market cap of C$186.76 million, a P/E ratio of -16.20 and a beta of 1.41. The firm has a 50 day simple moving average of C$0.71 and a two-hundred day simple moving average of C$0.60. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.19 and a current ratio of 4.15.

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.