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Rock Tech Lithium (CVE:RCK) Stock Crosses Below 50 Day Moving Average - Here's What Happened

Rock Tech Lithium logo with Basic Materials background

Key Points

  • Rock Tech Lithium Inc. shares dropped below their 50-day moving average of C$0.98, trading as low as C$0.91.
  • The company has a market capitalization of C$92.97 million and a notable debt-to-equity ratio of 2.05, indicating higher leverage.
  • Rock Tech Lithium focuses on the development of battery-grade lithium hydroxide monohydrate, holding a 100% interest in the Georgia Lake lithium project in Ontario.
  • MarketBeat previews top five stocks to own in October.

Rock Tech Lithium Inc. (CVE:RCK - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.98 and traded as low as C$0.91. Rock Tech Lithium shares last traded at C$0.91, with a volume of 42,470 shares changing hands.

Rock Tech Lithium Trading Down 1.1%

The stock has a market capitalization of C$95.02 million, a price-to-earnings ratio of -5.19 and a beta of 1.51. The company's 50 day moving average is C$0.98 and its 200 day moving average is C$1.03. The company has a debt-to-equity ratio of 2.05, a quick ratio of 4.68 and a current ratio of 1.50.

About Rock Tech Lithium

(Get Free Report)

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.

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