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

Lithium South Development Co. (NGZ.V) (CVE:NGZ) shares traded down 8.8% on Wednesday. The stock traded as low as C$0.31 and last traded at C$0.31. Approximately 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 Performance

The stock’s 50 day simple moving average is C$0.31 and its two-hundred day simple moving average is C$0.31. The company has a market capitalization of C$8.62 million and a P/E ratio of -1.49. The company has a debt-to-equity ratio of 4.80, a current ratio of 0.35 and a quick ratio of 0.09.

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. The company was formerly known as Codrington Resource Corporation and changed its name to NRG Metals Inc in September 2015. NRG Metals Inc was incorporated in 1995 and is headquartered in Vancouver, Canada.