Lithium South Development Co. (NGZ.V) (CVE:NGZ) Stock Price Down 8.8% – Time to Sell?

Lithium South Development Co. (NGZ.V) (CVE:NGZ) shares dropped 8.8% on Tuesday . 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) Price Performance

The stock has a market capitalization of C$8.62 million and a price-to-earnings ratio of -1.49. The company has a quick ratio of 0.09, a current ratio of 0.35 and a debt-to-equity ratio of 4.80. The business has a 50-day simple moving average of C$0.31 and a two-hundred day simple 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.