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

Lithium South Development Co. (NGZ.V) (CVE:NGZ) dropped 8.8% during trading on Tuesday . The stock traded as low as C$0.31 and last traded at C$0.31. Approximately 4,000 shares were traded 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) Price Performance

The company has a debt-to-equity ratio of 4.80, a current ratio of 0.35 and a quick ratio of 0.09. The company’s 50 day moving average is C$0.31 and its 200 day moving average is C$0.31. The stock has a market cap of C$8.62 million and a price-to-earnings ratio of -1.49.

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.