Argentina Lithium & Energy (CVE:LIT) Trading Down 4% – Here’s Why

Argentina Lithium & Energy Corp. (CVE:LITGet Free Report)’s share price dropped 4% during trading on Monday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 208,739 shares were traded during mid-day trading, an increase of 356% from the average daily volume of 45,737 shares. The stock had previously closed at C$0.13.

Argentina Lithium & Energy Stock Performance

The business has a 50 day moving average of C$0.15 and a 200-day moving average of C$0.16. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.02 and a current ratio of 30.57. The company has a market capitalization of C$16.10 million and a P/E ratio of -0.34.

Argentina Lithium & Energy Company Profile

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Argentina Lithium & Energy Corp., a junior mineral exploration company, engages in the acquisition, exploration, and evaluation of natural resource properties in the Americas and Argentina. It primarily explores for lithium. The company was formerly known as Iron South Mining Corp. and changed its name to Argentina Lithium & Energy Corp.

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