Rock Tech Lithium Inc. (CVE:RCK – Get Free Report)’s stock price dropped 15% on Tuesday . The stock traded as low as C$0.84 and last traded at C$0.85. Approximately 167,015 shares traded hands during trading, an increase of 325% from the average daily volume of 39,317 shares. The stock had previously closed at C$1.00.
Rock Tech Lithium Price Performance
The stock has a market capitalization of C$89.72 million, a PE ratio of -6.92 and a beta of 1.77. The company has a debt-to-equity ratio of 2.05, a quick ratio of 4.68 and a current ratio of 1.50. The company’s fifty day simple moving average is C$0.98 and its two-hundred day simple moving average is C$1.02.
About Rock Tech Lithium
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.
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