Argentina Lithium & Energy (CVE:LIT) Shares Up 31.3% – Should You Buy?

Argentina Lithium & Energy Corp. (CVE:LIT)’s stock price traded up 31.3% during mid-day trading on Friday . The company traded as high as C$0.11 and last traded at C$0.11. 398,500 shares traded hands during trading, an increase of 337% from the average session volume of 91,106 shares. The stock had previously closed at C$0.08.

Argentina Lithium & Energy Stock Performance

The stock has a 50 day moving average of C$0.11 and a 200 day moving average of C$0.14. The stock has a market capitalization of C$12.08 million and a P/E ratio of -0.24.

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.