Rock Tech Lithium (CVE:RCK) Stock Price Passes Below 50-Day Moving Average - Time to Sell?

Key Points

• Rock Tech Lithium Inc.'s stock has fallen below its 50-day moving average of C$0.94, trading as low as C$0.82 and closing at C$0.83.
• The company has a market cap of C$89.72 million, a P/E ratio of -6.92, and a debt-to-equity ratio of 2.05.
• Rock Tech specializes in the exploration and development of lithium properties, particularly focusing on battery-grade lithium hydroxide from its Georgia Lake project in Ontario.

Rock Tech Lithium Inc. (CVE:RCK - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.94 and traded as low as C$0.82. Rock Tech Lithium shares last traded at C$0.83, with a volume of 73,178 shares trading hands.

Rock Tech Lithium Price Performance

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 stock has a market cap of C$87.56 million, a price-to-earnings ratio of -6.75 and a beta of 1.68. The business's 50 day moving average is C$0.94 and its 200 day moving average is C$0.99.

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.