Argentina Lithium & Energy (CVE:LIT) Stock Price Up 20% – Should You Buy?

Argentina Lithium & Energy Corp. (CVE:LIT) was up 20% during trading on Wednesday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 207,412 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 282,489 shares. The stock had previously closed at C$0.13.

Argentina Lithium & Energy Price Performance

The firm’s 50-day simple moving average is C$0.15 and its two-hundred day simple moving average is C$0.12. The company has a market capitalization of C$20.63 million, a price-to-earnings ratio of -1.67 and a beta of -0.71.

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.