The stock of Rock Tech Lithium Inc (CVE:RCK) hit a new 52-week high and has $2.22 target or 158.00% above today’s $0.86 share price. The 7 months bullish chart indicates low risk for the $23.31 million company. The 1-year high was reported on Sep, 13 by Barchart.com. If the $2.22 price target is reached, the company will be worth $36.83 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 297,968 shares traded hands or 1107.67% up from the average. Rock Tech Lithium Inc (CVE:RCK) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
Rock Tech Lithium Inc. is a Canada-based mineral exploration company. The company has a market cap of $23.31 million. The Firm holds an interest in the Georgia Lake lithium project in the Thunder Bay Mining District of Ontario. It currently has negative earnings. The Georgia Lake project consists of approximately 80 leases and approximately 20 claims covering approximately 4,590hectares.
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