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

Lithium South Development Co. (NGZ.V) (CVE:NGZ) was down 8.8% during mid-day trading on Monday . The stock traded as low as C$0.31 and last traded at C$0.31. Approximately 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) Price Performance

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 stock’s 50-day moving average price is C$0.31 and its 200 day moving average price is C$0.31. The firm has a market cap 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.