Rock Tech Lithium (CVE:RCK) Shares Up 6.8% – Still a Buy?

Rock Tech Lithium Inc. (CVE:RCK – Get Free Report)’s stock price traded up 6.8% during mid-day trading on Friday. The stock traded as high as C$0.69 and last traded at C$0.63. 2,183,809 shares traded hands during mid-day trading, an increase of 4,798% from the average session volume of 44,588 shares. The stock had previously closed at C$0.59.

Rock Tech Lithium Stock Performance

The company has a market capitalization of C$82.33 million, a price-to-earnings ratio of -6.70 and a beta of -0.10. The stock has a 50-day moving average price of C$0.67 and a 200-day moving average price of C$0.79. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.02 and a quick ratio of 4.68.

Rock Tech Lithium Company Profile

(Get Free Report)

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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