Rock Tech Lithium (CVE:RCK) Trading 19.8% Higher – Should You Buy?

Rock Tech Lithium Inc. (CVE:RCKGet Free Report)’s share price shot up 19.8% during mid-day trading on Friday . The company traded as high as C$1.20 and last traded at C$1.15. 244,750 shares changed hands during trading, an increase of 202% from the average session volume of 80,976 shares. The stock had previously closed at C$0.96.

Rock Tech Lithium Stock Up 19.8%

The company has a market capitalization of C$132.63 million, a price-to-earnings ratio of -10.45 and a beta of 0.84. The firm’s 50 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

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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. Rock Tech Lithium Inc was incorporated in 2010 and is headquartered in Toronto, Canada.

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