Stifel Nicolaus Lowers Frontier Lithium (CVE:FL) Price Target to C$2.50

Frontier Lithium (CVE:FL) had its target price dropped by Stifel Nicolaus from C$3.00 to C$2.50 in a report released on Friday,BayStreet.CA reports. Stifel Nicolaus’ target price points to a potential upside of 420.83% from the company’s current price.

Frontier Lithium Stock Performance

Shares of Frontier Lithium stock opened at C$0.48 on Friday. The business has a fifty day simple moving average of C$0.48 and a 200-day simple moving average of C$0.57. The stock has a market cap of C$109.26 million, a PE ratio of -4.80 and a beta of 1.35. The company has a quick ratio of 5.19, a current ratio of 4.62 and a debt-to-equity ratio of 0.16. Frontier Lithium has a 12 month low of C$0.39 and a 12 month high of C$1.21.

About Frontier Lithium

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.