Rock Tech Lithium (CVE:RCK) Hits New 12-Month Low – Should You Sell?

Rock Tech Lithium Inc. (CVE:RCKGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.65 and last traded at C$0.65, with a volume of 36350 shares trading hands. The stock had previously closed at C$0.69.

Rock Tech Lithium Stock Performance

The company has a market cap of C$78 million, a P/E ratio of -5.91 and a beta of 0.15. The business’s 50 day simple moving average is C$0.83 and its 200 day simple moving average is C$0.92. The company has a current ratio of 2.54, a quick ratio of 4.68 and a debt-to-equity ratio of 0.99.

About Rock Tech Lithium

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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.

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