Frontier Lithium (CVE:FL) Hits New 12-Month High – Should You Buy?

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

Frontier Lithium Stock Up 8.6%

The stock has a market cap of C$232.87 million, a PE ratio of -20.20 and a beta of 1.41. The business has a 50 day moving average of C$0.72 and a 200-day moving average of C$0.61. The company has a current ratio of 4.15, a quick ratio of 5.19 and a debt-to-equity ratio of 0.12.

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.