Frontier Lithium (CVE:FL) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Shares of Frontier Lithium Inc. (CVE:FLGet Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.43 and traded as low as C$0.43. Frontier Lithium shares last traded at C$0.45, with a volume of 97,761 shares trading hands.

Frontier Lithium Price Performance

The company’s 50 day simple moving average is C$0.43 and its 200 day simple moving average is C$0.56. The company has a debt-to-equity ratio of -260.39, a current ratio of 0.63 and a quick ratio of 5.19. The stock has a market cap of C$115.26 million, a P/E ratio of -9.20 and a beta of 0.64.

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.

Further Reading

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