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

Argentina Lithium & Energy Corp. (CVE:LIT)’s share price fell 19.4% during mid-day trading on Monday . The company traded as low as C$0.15 and last traded at C$0.15. 109,730 shares were traded during trading, an increase of 73% from the average session 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 stock a “buy” rating in a research report on Thursday, August 8th.

Argentina Lithium & Energy Stock Down 19.4 %

The stock has a market cap of C$19.46 million and a P/E ratio of -0.51. The company has a quick ratio of 2.02, a current ratio of 30.57 and a debt-to-equity ratio of 1.09. The business has a 50-day simple moving average of C$0.16 and a 200-day simple moving average of C$0.17.

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.