Rock Tech Lithium (CVE:RCK) Sets New 1-Year Low – Here’s Why

Rock Tech Lithium Inc. (CVE:RCKGet Free Report)’s share price hit a new 52-week low on Wednesday . The company traded as low as C$0.02 and last traded at C$1.05, with a volume of 26003 shares trading hands. The stock had previously closed at C$1.09.

Rock Tech Lithium Stock Performance

The company has a 50 day simple moving average of C$1.08 and a 200 day simple moving average of C$1.12. 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 has a market capitalization of C$111.36 million, a PE ratio of -6.08 and a beta of 1.51.

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.

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