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

Lithium South Development Co. (NGZ.V) (CVE:NGZ)’s share price 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 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) Trading Down 8.8 %

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

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.