Rock Tech Lithium Inc. (CVE:RCK – Get Free Report)’s share price dropped 13.1% during mid-day trading on Tuesday . The company traded as low as C$1.05 and last traded at C$1.06. Approximately 133,249 shares changed hands during trading, an increase of 174% from the average daily volume of 48,653 shares. The stock had previously closed at C$1.22.
Rock Tech Lithium Price Performance
The stock’s 50-day moving average price is C$1.19 and its 200 day moving average price is C$1.22. The company has a quick ratio of 4.68, a current ratio of 3.24 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of C$116.44 million, a price-to-earnings ratio of -3.03 and a beta of 1.76.
About Rock Tech Lithium
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 focuses on developing and optimizing battery grade lithium hydroxide monohydrate.
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