Argosy Minerals (ASX:AGY) Trading 5.7% Higher

Argosy Minerals Limited (ASX:AGY)’s share price traded up 5.7% during mid-day trading on Friday . The stock traded as high as A$0.09 ($0.07) and last traded at A$0.09 ($0.07), 796,297 shares traded hands during trading. The stock had previously closed at A$0.09 ($0.06).

The firm has a market capitalization of $94.35 million and a P/E ratio of -46.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 60.89 and a current ratio of 60.93. The business’s fifty day moving average price is A$0.08 and its two-hundred day moving average price is A$0.08.

In other news, insider Malcolm Randall purchased 2,000,000 shares of the stock in a transaction dated Friday, December 20th. The shares were acquired at an average cost of A$0.05 ($0.03) per share, for a total transaction of A$90,000.00 ($63,829.79).

Argosy Minerals Company Profile (ASX:AGY)

Argosy Minerals Limited engages in the development of exploration projects for lithium and other mineral commodities in Argentina, Australia, and Namibia. It primarily holds a 77.5% interest in the Rincon Lithium Project that covers an area of approximately 2,794 hectares of mining concessions located within the Salar del Rincon in Salta Province, Argentina.

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