Argentina Lithium & Energy (CVE:LIT) Trading Down 19.4% – Here’s Why

Argentina Lithium & Energy Corp. (CVE:LIT) was down 19.4% during trading on Monday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 109,730 shares changed hands during mid-day trading, an increase of 73% from the average daily volume of 63,461 shares. The stock had previously closed at C$0.18.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.40 target price on Argentina Lithium & Energy and gave the company a “buy” rating in a research note on Thursday, August 8th.

Argentina Lithium & Energy Stock Down 19.4 %

The business has a 50 day moving average of C$0.16 and a 200 day moving average of C$0.17. The company has a debt-to-equity ratio of 1.09, a current ratio of 30.57 and a quick ratio of 2.02. The firm has a market capitalization of C$19.46 million and a price-to-earnings ratio of -0.51.

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.