Rock Tech Lithium (CVE:RCK) Shares Down 15% - Time to Sell?

Key Points

• Rock Tech Lithium Inc. experienced a significant drop in stock price, falling 15% to C$0.85, with trading volume increasing by 325% compared to its average.
• The company has a market capitalization of C$89.72 million and a PE ratio of -6.92, indicating ongoing financial challenges.
• Rock Tech Lithium focuses on the exploration and development of lithium properties, holding a 100% interest in the Georgia Lake lithium project in Ontario.

Rock Tech Lithium Inc. (CVE:RCK - Get Free Report)'s stock price dropped 15% during trading on Tuesday . The stock traded as low as C$0.84 and last traded at C$0.85. Approximately 167,015 shares traded hands during trading, an increase of 325% from the average daily volume of 39,317 shares. The stock had previously closed at C$1.00.

Rock Tech Lithium Stock Performance

The stock has a market cap of C$96.21 million, a P/E ratio of -7.42 and a beta of 1.68. The company has a fifty day moving average of C$0.97 and a 200 day moving average of C$1.01. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.50 and a quick ratio of 4.68.

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.