Rock Tech Lithium (CVE:RCK) Share Price Passes Above 50 Day Moving Average – Here’s Why

Shares of Rock Tech Lithium Inc. (CVE:RCKGet Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$1.08 and traded as high as C$1.27. Rock Tech Lithium shares last traded at C$1.12, with a volume of 28,203 shares traded.

Rock Tech Lithium Stock Down 11.8 %

The company has a debt-to-equity ratio of 1.87, a current ratio of 2.00 and a quick ratio of 4.68. The stock has a market capitalization of C$116.59 million, a PE ratio of -2.95 and a beta of 1.51. The company has a 50 day moving average price of C$1.08 and a 200-day moving average price of C$1.22.

Rock Tech Lithium Company Profile

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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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