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 traded down 8.8% during trading on Tuesday . The stock traded as low as C$0.31 and last traded at C$0.31. 4,000 shares changed hands during mid-day 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) Stock Down 8.8 %

The stock has a market cap 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 firm’s fifty day moving average is C$0.31 and its 200 day moving average is C$0.31.

Lithium South Development Co. (NGZ.V) Company Profile

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.