Rock Tech Lithium (CVE:RCK) Share Price Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• Shares crossed above its 50-day moving average, trading as high as C$1.01 versus the 50-day MA of C$0.95 on a volume of 25,550 shares.
• The company has a market cap of C$121.2M, a debt-to-equity ratio of 1.23, strong liquidity (quick ratio 4.68, current ratio 2.02) and a negative P/E of -9.18, indicating it is not currently profitable.
• Rock Tech Lithium focuses on producing battery-grade lithium hydroxide and holds a 100% interest in the Georgia Lake lithium project in the Thunder Bay Mining District of Ontario.

Shares of Rock Tech Lithium Inc. (CVE:RCK - ) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.95 and traded as high as C$1.01. Rock Tech Lithium shares last traded at C$1.01, with a volume of 25,550 shares traded.

Rock Tech Lithium Stock Down 1.0%

The company has a debt-to-equity ratio of 1.23, a quick ratio of 4.68 and a current ratio of 2.02. The firm's 50 day moving average price is C$0.95 and its two-hundred day moving average price is C$0.90. The company has a market cap of C$121.20 million, a P/E ratio of -9.18 and a beta of -0.01.

Rock Tech Lithium Company Profile

Rock Tech Lithium Inc engages in the exploration and development of lithium properties. The company focuses on developing and optimizing battery grade lithium hydroxide monohydrate. It holds a 100% interest in the Georgia Lake lithium project located in the Thunder Bay Mining District of Ontario. The company was formerly known as Rock Tech Resources Inc and changed its name to Rock Tech Lithium Inc in April 2010. Rock Tech Lithium Inc was incorporated in 2010 and is headquartered in Toronto, Canada.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.