Rock Tech Lithium (CVE:RCK) Stock Passes Below 50-Day Moving Average – Here’s Why

Rock Tech Lithium Inc. (CVE:RCK) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.99 and traded as low as C$0.87. Rock Tech Lithium shares last traded at C$0.91, with a volume of 31,867 shares changing hands.

Rock Tech Lithium Price Performance

The company has a quick ratio of 4.68, a current ratio of 2.33 and a debt-to-equity ratio of 1.37. The company has a 50 day simple moving average of C$0.99 and a 200-day simple moving average of C$0.88. The stock has a market cap of C$104.95 million, a price-to-earnings ratio of -8.27 and a beta of -0.22.

Rock Tech Lithium Company Profile

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.