Argentina Lithium & Energy (CVE:LIT) Trading Down 19% – Here’s Why

Argentina Lithium & Energy Corp. (CVE:LITGet Free Report)’s share price traded down 19% on Monday . The stock traded as low as C$0.16 and last traded at C$0.16. 506,396 shares were traded during mid-day trading, an increase of 79% from the average session volume of 282,950 shares. The stock had previously closed at C$0.20.

Argentina Lithium & Energy Price Performance

The business has a 50 day simple moving average of C$0.14 and a 200 day simple moving average of C$0.11. The company has a market capitalization of C$22.01 million, a price-to-earnings ratio of -1.78 and a beta of 0.06.

About Argentina Lithium & Energy

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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. in September 2016. Argentina Lithium & Energy Corp. was incorporated in 2000 and is based in Vancouver, Canada.

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