Rock Tech Lithium Inc. (CVE:RCK – Get Free Report) rose 19.8% during trading on Friday . The stock traded as high as C$1.20 and last traded at C$1.15. Approximately 193,220 shares changed hands during trading, an increase of 175% from the average daily volume of 70,286 shares. The stock had previously closed at C$0.96.
Rock Tech Lithium Price Performance
The firm has a market capitalization of C$136.09 million, a price-to-earnings ratio of -10.73 and a beta of 0.84. The stock’s fifty day moving average price is C$0.79 and its two-hundred day moving average price is C$0.87. The company has a current ratio of 1.50, a quick ratio of 4.68 and a debt-to-equity ratio of 2.05.
About Rock Tech Lithium
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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