Lithium South Development Co. (NGZ.V) (CVE:NGZ) Stock Price Down 8.8% – What’s Next?

Lithium South Development Co. (NGZ.V) (CVE:NGZ) was down 8.8% on Tuesday . The company 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 firm has a market capitalization of C$8.62 million and a P/E ratio of -1.49. The company’s 50 day moving average price is C$0.31 and its 200 day moving average price 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.