Shares of Rock Tech Lithium Inc. (CVE:RCK – Get Free Report) dropped 16% during trading on Tuesday . The stock traded as low as C$0.84 and last traded at C$0.84. Approximately 316,850 shares changed hands during mid-day trading, an increase of 683% from the average daily volume of 40,456 shares. The stock had previously closed at C$1.00.
Rock Tech Lithium Price Performance
The company has a market cap of C$89.72 million, a price-to-earnings ratio of -6.92 and a beta of 1.77. The company has a current ratio of 1.50, a quick ratio of 4.68 and a debt-to-equity ratio of 2.05. The company’s 50 day moving average price is C$0.98 and its 200 day moving average price is C$1.02.
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.
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