Argentina Lithium & Energy (CVE:LIT) Trading 20% Higher – Here’s What Happened

Argentina Lithium & Energy Corp. (CVE:LIT)’s stock price rose 20% on Thursday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 207,412 shares changed hands during 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 stock’s fifty day simple moving average is C$0.15 and its 200-day simple moving average is C$0.12. The stock has a market cap of C$19.95 million, a P/E ratio of -1.61 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.