The stock of Frontier Lithium Inc (CVE:FL) gapped down by $0.005 today and has $0.23 target or 10.00% below today’s $0.26 share price. The 6 months technical chart setup indicates high risk for the $30.42M company. The gap down was reported on Nov, 11 by Barchart.com. If the $0.23 price target is reached, the company will be worth $3.04M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 45,900 shares traded hands. Frontier Lithium Inc (CVE:FL) has risen 6.00% since October 12, 2016 and is uptrending. It has underperformed by 0.15% the S&P500.
More notable recent Frontier Lithium Inc (CVE:FL) news were published by: Investingnews.com which released: “Frontier Lithium – Developing a World-class Lithium Deposit” on May 02, 2016, also Investingnews.com with their article: “Houston Lake Mining Announces Change of Name to Frontier Lithium” published on July 07, 2016, Investingnews.com published: “Frontier Lithium Signs Important Exploration Agreements with Deer Lake First …” on October 24, 2016. More interesting news about Frontier Lithium Inc (CVE:FL) were released by: Stockhouse.com and their article: “Frontier Lithium Signals Advancement of Pre-Feasibility Plans by Commencing …” published on September 13, 2016 as well as Investingnews.com‘s news article titled: “Dundee Capital Markets: Here’s Two Lithium Stocks with Real Advantages” with publication date: November 01, 2016.
Frontier Lithium Inc., formerly Houston Lake Mining Inc., is a Canada mining exploration company. The company has a market cap of $30.42 million. The Firm is engaged in the acquisition, exploration and development of hard rock, high grade rare metal resource properties. It currently has negative earnings. It focuses on elements, including lithium, tantalum, rubidium and cesium by exploring for lithium/cesium/tantalum classified pegmatites.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.