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

Lithium South Development Co. (NGZ.V) (CVE:NGZ)’s stock price dropped 8.8% during mid-day trading on Thursday . The stock traded as low as C$0.31 and last traded at C$0.31. Approximately 4,000 shares were traded 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 Performance

The firm has a market capitalization of C$8.62 million and a P/E ratio of -1.49. The company has a current ratio of 0.35, a quick ratio of 0.09 and a debt-to-equity ratio of 4.80. The company has a 50-day moving average of C$0.31 and a 200-day moving average of C$0.31.

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.