Argentina Lithium & Energy (CVE:LIT) Shares Down 5.3% – What’s Next?

Argentina Lithium & Energy Corp. (CVE:LIT)’s share price traded down 5.3% during trading on Tuesday . The company traded as low as C$0.17 and last traded at C$0.18. 123,199 shares changed hands during trading, an increase of 149% from the average session volume of 49,475 shares. The stock had previously closed at C$0.19.

Analysts Set New Price Targets

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

Argentina Lithium & Energy Price Performance

The company has a debt-to-equity ratio of 1.09, a current ratio of 30.57 and a quick ratio of 2.02. The firm’s 50-day moving average is C$0.16 and its two-hundred day moving average is C$0.18. The company has a market cap of C$22.14 million and a P/E ratio of -0.47.

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