Argentina Lithium & Energy (CVE:LIT) Shares Up 6.3% – Here’s Why

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

Argentina Lithium & Energy Trading Up 6.3%

The stock has a 50-day moving average of C$0.13 and a two-hundred day moving average of C$0.12. The company has a market cap of C$14.80 million, a P/E ratio of -0.94 and a beta of -0.42. The company has a debt-to-equity ratio of 6.31, a quick ratio of 2.02 and a current ratio of 1.35.

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.