The stock of Frontier Lithium Inc (CVE:FL) hit a new 52-week low and has $0.25 target or 11.00% below today’s $0.28 share price. The 8 months bearish chart indicates high risk for the $35.88M company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $0.25 price target is reached, the company will be worth $3.95M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 115,308 shares traded hands or 122.21% up from the average. Frontier Lithium Inc (CVE:FL) has risen 6.00% since October 15, 2016 and is uptrending. It has outperformed by 1.02% 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: Investingnews.com and their article: “Dundee Capital Markets: Here’s Two Lithium Stocks with Real Advantages” published on November 01, 2016 as well as Investingnews.com‘s news article titled: “Lithium Stocks: Buyer Beware” with publication date: June 21, 2016.
Frontier Lithium Inc., formerly Houston Lake Mining Inc., is a Canada mining exploration company. The company has a market cap of $35.88 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.
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