Lithium South Development Co. (NGZ.V) (CVE:NGZ) Shares Down 8.8% – Time to Sell?

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

The business has a 50 day simple moving average of C$0.31 and a 200 day simple moving average of C$0.31. The company has a quick ratio of 0.09, a current ratio of 0.35 and a debt-to-equity ratio of 4.80. The company has a market capitalization of C$8.62 million and a PE ratio of -1.49.

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. 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.