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Rock Tech Lithium (CVE:RCK) Shares Cross Above 50 Day Moving Average - Here's What Happened

Rock Tech Lithium logo with Basic Materials background

Key Points

  • Rock Tech Lithium's stock price recently crossed above its 50-day moving average of C$0.98, reaching a high of C$1.00 during trading.
  • The company has a market capitalization of C$98.08 million, with a debt-to-equity ratio of 2.05, indicating a significant amount of debt relative to equity.
  • Rock Tech specializes in the exploration and development of lithium properties, particularly focusing on battery-grade lithium hydroxide monohydrate.
  • Five stocks we like better than Rock Tech Lithium.

Rock Tech Lithium Inc. (CVE:RCK - Get Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.98 and traded as high as C$1.00. Rock Tech Lithium shares last traded at C$0.96, with a volume of 9,460 shares traded.

Rock Tech Lithium Trading Down 2.0%

The company's fifty day moving average is C$0.98 and its two-hundred day moving average is C$1.04. The stock has a market cap of C$98.08 million, a price-to-earnings ratio of -5.36 and a beta of 1.51. The company has a quick ratio of 4.68, a current ratio of 1.50 and a debt-to-equity ratio of 2.05.

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.

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