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

Shares of Frontier Lithium Inc. (CVE:FL) hit 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 changing hands. The stock had previously closed at C$0.78.

Frontier Lithium Stock Up 3.8%

The firm’s 50-day moving average price is C$0.71 and its 200-day moving average price is C$0.60. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.15 and a quick ratio of 5.19. The company has a market cap of C$186.76 million, a price-to-earnings ratio of -16.20 and a beta of 1.41.

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. 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.