Argentina Lithium & Energy (CVE:LIT) Shares Down 12.5% – Here’s What Happened

Shares of Argentina Lithium & Energy Corp. (CVE:LITGet Free Report) were down 12.5% during mid-day trading on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 236,020 shares traded hands during trading, an increase of 271% from the average daily volume of 63,543 shares. The stock had previously closed at C$0.08.

Argentina Lithium & Energy Price Performance

The company has a market capitalization of C$8.05 million and a PE ratio of -0.16. The stock has a 50-day simple moving average of C$0.07 and a 200 day simple moving average of C$0.08.

About Argentina Lithium & Energy

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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.

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