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

Lithium South Development Co. (NGZ.V) (CVE:NGZ)’s share price fell 8.8% on Wednesday . The company traded as low as C$0.31 and last traded at C$0.31. Approximately 4,000 shares changed hands 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) Trading Down 8.8%

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

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.