Free Trial

Rock Tech Lithium (CVE:RCK) Stock Price Down 16% - What's Next?

Rock Tech Lithium logo with Basic Materials background

Key Points

  • Rock Tech Lithium shares fell 16%, trading at C$0.84, with a significant increase in trading volume of 683% from average volumes.
  • The company's market cap stands at C$89.72 million, accompanied by a negative price-to-earnings ratio of -6.92.
  • Rock Tech Lithium focuses on developing batter grade lithium hydroxide and holds a 100% interest in the Georgia Lake lithium project in Ontario.
  • Interested in Rock Tech Lithium? Here are five stocks we like better.

Rock Tech Lithium Inc. (CVE:RCK - Get Free Report)'s stock price was down 16% during trading on Tuesday . The company traded as low as C$0.84 and last traded at C$0.84. Approximately 316,850 shares were traded during trading, an increase of 683% from the average daily volume of 40,456 shares. The stock had previously closed at C$1.00.

Rock Tech Lithium Price Performance

The firm has a fifty day moving average price of C$0.97 and a 200-day moving average price of C$1.01. The company has a quick ratio of 4.68, a current ratio of 1.50 and a debt-to-equity ratio of 2.05. The firm has a market cap of C$94.04 million, a price-to-earnings ratio of -7.25 and a beta of 1.68.

Rock Tech Lithium Company Profile

(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.

Featured Articles

Should You Invest $1,000 in Rock Tech Lithium Right Now?

Before you consider Rock Tech Lithium, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rock Tech Lithium wasn't on the list.

While Rock Tech Lithium currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.