Argentina Lithium & Energy (CVE:LIT) Trading Up 20% – Still a Buy?

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

Argentina Lithium & Energy Price Performance

The firm’s 50 day moving average price is C$0.15 and its two-hundred day moving average price is C$0.12. The stock has a market cap of C$21.32 million, a PE ratio of -1.72 and a beta of -0.71.

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.