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

Lithium South Development Co. (NGZ.V) (CVE:NGZ) traded down 8.8% on Tuesday . The stock traded as low as C$0.31 and last traded at C$0.31. 4,000 shares were traded 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 firm has a 50 day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.31. The stock has a market capitalization of C$8.62 million and a P/E ratio of -1.49. The company has a quick ratio of 0.09, a current ratio of 0.35 and a debt-to-equity ratio of 4.80.

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.