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

Posted by Alanna Baker on Nov 21st, 2024

Lithium South Development Co. (NGZ.V) (CVE:NGZ – Get Free Report) shares were down 8.8% during trading on Tuesday . The stock traded as low as C$0.31 and last traded at C$0.31. Approximately 4,000 shares were traded during 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) Trading Down 8.8 %

The stock has a market cap of C$8.62 million and a price-to-earnings ratio of -1.49. The business’s 50 day simple moving average is C$0.31 and its 200 day simple 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

(Get Free Report)

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.