Argentina Lithium & Energy (CVE:LIT) Shares Up 6.3% – Should You Buy?

Argentina Lithium & Energy Corp. (CVE:LIT) shares traded up 6.3% during mid-day trading on Tuesday . The company traded as high as C$0.17 and last traded at C$0.17. 68,615 shares were traded during trading, an increase of 18% from the average session volume of 58,384 shares. The stock had previously closed at C$0.16.

Wall Street Analysts Forecast Growth

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

Argentina Lithium & Energy Stock Down 7.9 %

The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.02 and a current ratio of 30.57. The company has a fifty day simple moving average of C$0.16 and a two-hundred day simple moving average of C$0.17. The firm has a market capitalization of C$23.48 million and a PE ratio of -0.50.

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

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.