Argentina Lithium & Energy (CVE:LIT) Shares Down 18.5% – Here’s Why

Shares of Argentina Lithium & Energy Corp. (CVE:LITGet Free Report) dropped 18.5% on Saturday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 749,280 shares traded hands during mid-day trading, an increase of 788% from the average daily volume of 84,404 shares. The stock had previously closed at C$0.14.

Argentina Lithium & Energy Price Performance

The company has a market cap of C$15.13 million, a P/E ratio of -1.22 and a beta of 0.33. The firm’s 50-day moving average is C$0.12 and its two-hundred day moving average is C$0.09.

Argentina Lithium & Energy Company Profile

(Get Free Report)

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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