Frontier Lithium (CVE:FL) Shares Up 2% – Still a Buy?

Frontier Lithium Inc. (CVE:FLGet Free Report) shot up 2% on Friday . The company traded as high as C$0.53 and last traded at C$0.51. 57,259 shares traded hands during trading, a decline of 82% from the average session volume of 310,865 shares. The stock had previously closed at C$0.50.

Frontier Lithium Trading Up 2.0%

The company has a market capitalization of C$117.59 million, a PE ratio of -10.20 and a beta of 0.76. The company has a current ratio of 0.37, a quick ratio of 5.19 and a debt-to-equity ratio of -67.27. The stock has a fifty day moving average of C$0.61 and a two-hundred day moving average of C$0.75.

Frontier Lithium Company Profile

(Get Free Report)

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.

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