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

Lithium South Development Co. (NGZ.V) (CVE:NGZ) dropped 8.8% during trading on Friday . The company 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 daily 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 company has a debt-to-equity ratio of 4.80, a current ratio of 0.35 and a quick ratio of 0.09. The company has a market cap of C$8.62 million and a P/E ratio of -1.49. The stock has a 50-day moving average of C$0.31 and a 200 day 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.