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

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

The firm has a market cap of C$8.62 million and a P/E ratio of -1.49. The business’s 50 day moving average is C$0.31 and its 200-day moving average is 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.

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.