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Rock Tech Lithium (CVE:RCK) Stock Crosses Below Fifty Day Moving Average - Should You Sell?

Rock Tech Lithium logo with Basic Materials background

Key Points

  • Rock Tech Lithium's stock price fell below its 50-day moving average of C$0.92, trading as low as C$0.82 before closing at C$0.86.
  • The company has a market capitalization of C$92.96 million and is heavily leveraged with a debt-to-equity ratio of 2.05.
  • Rock Tech Lithium focuses on the development of lithium properties, particularly the Georgia Lake project in Ontario, which is aimed at producing battery-grade lithium hydroxide.
  • Interested in Rock Tech Lithium? Here are five stocks we like better.

Rock Tech Lithium Inc. (CVE:RCK - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.92 and traded as low as C$0.82. Rock Tech Lithium shares last traded at C$0.86, with a volume of 123,250 shares changing hands.

Rock Tech Lithium Price Performance

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 stock has a market cap of C$92.96 million, a P/E ratio of -7.17 and a beta of 1.68. The company's 50 day simple moving average is C$0.92 and its 200 day simple moving average is C$0.99.

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.

See Also

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