Argentina Lithium & Energy (CVE:LIT) Stock Price Down 18.5% – Should You Sell?

Argentina Lithium & Energy Corp. (CVE:LIT) shares dropped 18.5% during trading on Friday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 749,280 shares were traded during 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 Stock Performance

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

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.