Argentina Lithium & Energy (CVE:LIT) Trading Up 20% – Should You Buy?

Argentina Lithium & Energy Corp. (CVE:LIT)’s share price shot up 20% on Thursday . The company traded as high as C$0.15 and last traded at C$0.15. 207,412 shares traded hands during trading, a decline of 27% from the average session volume of 282,489 shares. The stock had previously closed at C$0.13.

Argentina Lithium & Energy Price Performance

The stock has a market capitalization of C$21.32 million, a P/E ratio of -1.72 and a beta of -0.71. The stock’s fifty day moving average is C$0.15 and its 200-day moving average is C$0.12.

Argentina Lithium & Energy Company Profile

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.