Rock Tech Lithium (CVE:RCK) Stock Price Passes Below 50 Day Moving Average of $2.70

Rock Tech Lithium Inc. (CVE:RCK – Get Rating)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$2.70 and traded as low as C$2.51. Rock Tech Lithium shares last traded at C$2.58, with a volume of 134,727 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group downgraded shares of Rock Tech Lithium from a “speculative buy” rating to a “hold” rating and cut their price target for the company from C$4.50 to C$3.50 in a report on Monday, November 7th.

Rock Tech Lithium Price Performance

The company has a market capitalization of C$218.86 million, a P/E ratio of -3.49 and a beta of 1.60. The firm’s fifty day moving average is C$2.70 and its 200 day moving average is C$2.91. The company has a debt-to-equity ratio of 1.84, a quick ratio of 4.68 and a current ratio of 4.79.

Rock Tech Lithium Company Profile

(Get Rating)

Rock Tech Lithium Inc engages in the exploration and development of lithium properties. It holds a 100% interest in the Georgia Lake lithium project comprising 277 claim units and 41 mining leases 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.