Argentina Lithium & Energy (CVE:LIT) Shares Down 17% – Should You Sell?

Argentina Lithium & Energy Corp. (CVE:LIT) shares dropped 17% during mid-day trading on Tuesday . The stock traded as low as C$0.19 and last traded at C$0.20. Approximately 264,381 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 299,652 shares. The stock had previously closed at C$0.24.

Argentina Lithium & Energy Trading Down 17.0%

The stock has a market cap of C$26.83 million, a P/E ratio of -2.17 and a beta of 0.06. The firm has a 50-day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.11.

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.