Lithium South Development Co. (NGZ.V) (CVE:NGZ) Stock Price Down 8.8% – Should You Sell?

Lithium South Development Co. (NGZ.V) (CVE:NGZ)’s stock price 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 were traded 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 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 capitalization of C$8.62 million and a price-to-earnings ratio of -1.49. The stock has a 50-day moving average price of C$0.31 and a 200-day moving average price of C$0.31.

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.