Rock Tech Lithium (CVE:RCK) Stock Price Down 21.5% – Here’s Why

by · The Markets Daily

Rock Tech Lithium Inc. (CVE:RCK – Get Free Report)’s stock price traded down 21.5% during trading on Monday. The company traded as low as C$0.58 and last traded at C$0.62. 161,494 shares traded hands during mid-day trading, an increase of 200% from the average daily volume of 53,844 shares. The stock had previously closed at C$0.79.

Rock Tech Lithium Trading Down 22.8%

The company has a current ratio of 1.02, a quick ratio of 4.68 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of C$80.58 million, a PE ratio of -6.10 and a beta of -0.10. The business has a 50 day moving average price of C$0.67 and a 200-day moving average price of C$0.79.

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. Rock Tech Lithium Inc was incorporated in 2010 and is headquartered in Toronto, Canada.

Further Reading