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Rock Tech Lithium (CVE:RCK) Shares Pass Below 50 Day Moving Average - Here's Why

Rock Tech Lithium logo with Basic Materials background

Key Points

  • Rock Tech Lithium Inc. (CVE:RCK) stock has crossed below its fifty-day moving average of C$0.97, trading as low as C$0.86, reflecting a decline of 2.3% during Tuesday's trading.
  • The company's financial metrics include a debt-to-equity ratio of 2.05 and a market cap of C$92.96 million, with a PE ratio of -7.17, indicating negative earnings.
  • Rock Tech Lithium is engaged in exploring and developing lithium properties, focusing on battery-grade lithium hydroxide monohydrate, with its main asset being the Georgia Lake lithium project in Ontario.
  • Five stocks to consider instead of Rock Tech Lithium.

Rock Tech Lithium Inc. (CVE:RCK - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.97 and traded as low as C$0.86. Rock Tech Lithium shares last traded at C$0.86, with a volume of 12,385 shares.

Rock Tech Lithium Stock Up 2.5%

The firm's fifty day moving average price is C$0.96 and its 200-day moving average price is C$1.00. The company has a market capitalization of C$89.72 million, a price-to-earnings ratio of -6.92 and a beta of 1.68. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.50 and a quick ratio of 4.68.

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.

Further Reading

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