Argentina Lithium & Energy (CVE:LIT) Shares Up 6.3% – Still a Buy?

Argentina Lithium & Energy Corp. (CVE:LIT) shares rose 6.3% during trading on Friday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 104,324 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 268,808 shares. The stock had previously closed at C$0.08.

Argentina Lithium & Energy Price Performance

The stock has a market cap of C$14.80 million, a PE ratio of -0.94 and a beta of -0.42. The business has a fifty day simple moving average of C$0.13 and a two-hundred day simple moving average of C$0.12. The company has a current ratio of 1.35, a quick ratio of 2.02 and a debt-to-equity ratio of 6.31.

About Argentina Lithium & Energy

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.