Rock Tech Lithium (CVE:RCK) Trading Down 15% - What's Next?

Key Points

• Rock Tech Lithium Inc. shares fell 15%, trading as low as C$0.84, following a sell-off.
• The company, which focuses on developing battery-grade lithium hydroxide, has a market capitalization of C$89.72 million and a debt-to-equity ratio of 2.05.
• Despite the recent decline, trading volume surged by 325% compared to its average, indicating heightened investor activity.

Rock Tech Lithium Inc. (CVE:RCK - Get Free Report)'s stock price fell 15% during mid-day trading on Tuesday . The stock traded as low as C$0.84 and last traded at C$0.85. 167,015 shares traded hands during mid-day trading, an increase of 325% from the average session volume of 39,317 shares. The stock had previously closed at C$1.00.

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 company has a 50-day moving average price of C$0.97 and a 200-day moving average price of C$1.01. The firm has a market capitalization of C$94.04 million, a PE ratio of -7.25 and a beta of 1.68.

About Rock Tech Lithium

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.