Rock Tech Lithium Inc. (CVE:RCK – Get Rating) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$3.00 and traded as high as C$3.10. Rock Tech Lithium shares last traded at C$3.03, with a volume of 31,091 shares traded.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group lowered shares of Rock Tech Lithium from a “speculative buy” rating to a “hold” rating and decreased their price target for the company from C$4.50 to C$3.50 in a report on Monday, November 7th.
Rock Tech Lithium Price Performance
The stock has a market cap of C$256.66 million and a PE ratio of -6.86. The company has a current ratio of 8.15, a quick ratio of 7.98 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is C$3.00 and its 200-day moving average is C$3.81.
About Rock Tech Lithium
Rock Tech Lithium Inc engages in the exploration and development of lithium properties. It holds a 100% interest in the Georgia Lake lithium project comprising 277 claim units and 41 mining leases 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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