Lithium South Development Co. (NGZ.V) (CVE:NGZ) Stock Price Down 8.8%

Shares of Lithium South Development Co. (NGZ.V) (CVE:NGZ) were down 8.8% during mid-day trading on Monday . 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 current ratio of 0.35, a quick ratio of 0.09 and a debt-to-equity ratio of 4.80. The stock’s 50-day simple moving average is C$0.31 and its 200-day simple moving average is C$0.31. The firm has a market capitalization of C$8.62 million and a P/E 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.