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

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

Argentina Lithium & Energy Price Performance

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

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.

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