Shares of Frontier Lithium Inc. (OTC:LITOF – Get Rating) dropped 2.7% during trading on Wednesday . The stock traded as low as C$1.75 and last traded at C$1.77. Approximately 68,135 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 94,636 shares. The stock had previously closed at C$1.82.
Wall Street Analysts Forecast Growth
LITOF has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price target on Frontier Lithium from C$3.25 to C$3.75 in a research note on Wednesday, February 15th. Stifel Nicolaus initiated coverage on Frontier Lithium in a research note on Tuesday, November 22nd. They issued a “buy” rating on the stock.
Frontier Lithium Price Performance
The stock has a 50 day simple moving average of C$1.84.
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 27,069 hectares comprising two mining leases and 1,368 contiguous mining claims located in northwestern Ontario, Canada.
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