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

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.

Rock Tech Lithium Inc. (CVE:RCK - ) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 trading hands.

Rock Tech Lithium Trading Down 2.3%

The company's 50 day moving average price is C$0.97 and its 200 day moving average price is 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. The firm has a market cap of C$92.96 million, a PE ratio of -7.17 and a beta of 1.68.

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.

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