Frontier Lithium (CVE:FL) Hits New 1-Year High – Still a Buy?

Frontier Lithium Inc. (CVE:FL)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$1.04 and last traded at C$1.01, with a volume of 791008 shares. The stock had previously closed at C$0.93.

Frontier Lithium Trading Down 6.3%

The stock has a market cap of C$242.10 million, a price-to-earnings ratio of -21.00 and a beta of 1.41. The business’s 50 day moving average is C$0.74 and its 200 day moving average is C$0.62. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.15 and a quick ratio of 5.19.

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.