Rock Tech Lithium (CVE:RCK) Stock Price Crosses Below 50 Day Moving Average - What's Next?

Key Points

• The stock price of Rock Tech Lithium (CVE:RCK) crossed below its 50-day moving average of C$0.90, trading as low as C$0.82 before recovering to C$0.83.
• Rock Tech Lithium has a market capitalization of C$89.72 million and a current ratio of 1.50, indicating a solid liquidity position.
• The company focuses on developing battery grade lithium hydroxide, holding a 100% interest in the Georgia Lake lithium project in Ontario.

Shares of Rock Tech Lithium Inc. (CVE:RCK - ) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.90 and traded as low as C$0.82. Rock Tech Lithium shares last traded at C$0.83, with a volume of 48,718 shares.

Rock Tech Lithium Trading Down 1.2%

The company has a market capitalization of C$89.72 million, a P/E ratio of -6.92 and a beta of 1.33. The business has a fifty day moving average price of C$0.90 and a 200 day moving average price of C$0.98. The company has a quick ratio of 4.68, a current ratio of 1.50 and a debt-to-equity ratio of 2.05.

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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