Rock Tech Lithium (CVE:RCK) Shares Down 16% - Here's Why

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.

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

Rock Tech Lithium Stock 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's 50-day moving average price is C$0.97 and its two-hundred day moving average price is C$1.01. The company has a market capitalization of C$96.21 million, a price-to-earnings ratio of -7.42 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.