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

Lithium South Development Co. (NGZ.V) (CVE:NGZ)’s share price was down 8.8% during trading on Wednesday . The company traded as low as C$0.31 and last traded at C$0.31. Approximately 4,000 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 25,841 shares. The stock had previously closed at C$0.34.

Lithium South Development Co. (NGZ.V) Trading Down 8.8 %

The business has a 50 day moving average of C$0.31 and a two-hundred day moving average of C$0.31. The firm has a market capitalization 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.

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.