Argentina Lithium & Energy (CVE:LIT) Shares Down 5.3% – Should You Sell?

Argentina Lithium & Energy Corp. (CVE:LIT) shares dropped 5.3% during mid-day trading on Tuesday . The company traded as low as C$0.17 and last traded at C$0.18. Approximately 123,199 shares were traded during mid-day trading, an increase of 149% from the average daily volume of 49,475 shares. The stock had previously closed at C$0.19.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.40 price objective on shares of Argentina Lithium & Energy and gave the stock a “buy” rating in a report on Thursday, August 8th.

Argentina Lithium & Energy Stock Down 5.3 %

The firm’s 50-day moving average price is C$0.16 and its 200 day moving average price is C$0.18. The firm has a market capitalization of C$24.15 million and a price-to-earnings ratio of -0.51. The company has a debt-to-equity ratio of 1.09, a current ratio of 30.57 and a quick ratio of 2.02.

Argentina Lithium & Energy (CVE:LIT) last posted its quarterly earnings data on Wednesday, August 28th. The company reported C($0.03) EPS for the quarter.

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.