Rock Tech Lithium (CVE:RCK) Given New C$2.75 Price Target at Canaccord Genuity Group

Rock Tech Lithium (CVE:RCK – Get Rating) had its price objective trimmed by Canaccord Genuity Group from C$3.50 to C$2.75 in a report released on Tuesday morning, BayStreet.CA reports.

Rock Tech Lithium Stock Performance

Shares of RCK stock opened at C$2.63 on Tuesday. The stock has a market capitalization of C$223.10 million, a price-to-earnings ratio of -3.55 and a beta of 1.60. Rock Tech Lithium has a one year low of C$1.99 and a one year high of C$6.34. The company’s 50-day simple moving average is C$2.76 and its 200-day simple moving average is C$2.87. 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

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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.