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

Lithium South Development Co. (NGZ.V) (CVE:NGZ) was down 8.8% on Tuesday . The company traded as low as C$0.31 and last traded at C$0.31. Approximately 4,000 shares changed hands during 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) Stock Down 8.8 %

The firm has a fifty day simple moving average of C$0.31 and a 200-day simple moving average of C$0.31. The company has a market capitalization of C$8.62 million and a PE 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.

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.