Rock Tech Lithium (CVE:RCK) Shares Down 21.5% – What’s Next?

Rock Tech Lithium Inc. (CVE:RCK) shares were down 21.5% during mid-day trading on Monday. The stock traded as low as C$0.58 and last traded at C$0.62. 161,494 shares changed hands during trading, an increase of 200% from the average session volume of 53,844 shares. The stock had previously closed at C$0.79.

Rock Tech Lithium Stock Down 22.8%

The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.68 and a current ratio of 1.02. The firm has a fifty day simple moving average of C$0.67 and a 200 day simple moving average of C$0.79. The company has a market cap of C$80.58 million, a PE ratio of -6.10 and a beta of -0.10.

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.