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Rock Tech Lithium (CVE:RCK) Shares Cross Below 50-Day Moving Average - What's Next?

Rock Tech Lithium logo with Basic Materials background

Key Points

  • Rock Tech Lithium Inc. has seen its share price fall below the 50-day moving average of C$0.98, trading as low as C$0.93 during recent market activity.
  • The company, focusing on the development of lithium properties, has a market capitalization of C$101.15 million and a P/E ratio of -5.53.
  • Rock Tech Lithium holds a 100% interest in the Georgia Lake lithium project, located in the Thunder Bay Mining District of Ontario.
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Shares of Rock Tech Lithium Inc. (CVE:RCK - Get Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.98 and traded as low as C$0.93. Rock Tech Lithium shares last traded at C$0.99, with a volume of 52,208 shares traded.

Rock Tech Lithium Stock Performance

The firm's 50 day moving average price is C$0.98 and its 200-day moving average price is C$1.02. The company has a debt-to-equity ratio of 2.05, a quick ratio of 4.68 and a current ratio of 1.50. The firm has a market capitalization of C$96.04 million, a PE ratio of -5.25 and a beta of 1.51.

Rock Tech Lithium Company Profile

(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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