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

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

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

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.