Lithium South Development Co. (NGZ.V) (CVE:NGZ) Trading Down 8.8% – Here’s Why

Shares of Lithium South Development Co. (NGZ.V) (CVE:NGZ) fell 8.8% during trading on Tuesday . The company traded as low as C$0.31 and last traded at C$0.31. 4,000 shares were traded during mid-day trading, a decline of 85% from the average session volume of 25,841 shares. The stock had previously closed at C$0.34.

Lithium South Development Co. (NGZ.V) Price Performance

The firm has a market cap of C$8.62 million and a price-to-earnings ratio of -1.49. The company has a debt-to-equity ratio of 4.80, a quick ratio of 0.09 and a current ratio of 0.35. The company’s fifty day moving average is C$0.31 and its two-hundred day moving average is C$0.31.

Lithium South Development Co. (NGZ.V) Company Profile

NRG Metals Inc, an exploration stage junior mining company, engages in the identification, acquisition, and exploration of mineral properties. Its flagship property is the Hombre Muerto North lithium brine project covering approximately 3,287 hectares in 6 mining concessions located in Salta Province, Argentina.