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

Lithium South Development Co. (NGZ.V) (CVE:NGZ) traded down 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 traded hands during 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) Stock Down 8.8 %

The stock has a market cap of C$8.62 million and a price-to-earnings ratio of -1.49. The business’s 50 day moving average is C$0.31 and its 200 day moving average is C$0.31. The company has a debt-to-equity ratio of 4.80, a quick ratio of 0.09 and a current ratio of 0.35.

About Lithium South Development Co. (NGZ.V)

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.