The stock of Rock Tech Lithium Inc (CVE:RCK) gapped up by $0.05 today and has $1.43 target or 43.00% above today’s $1.00 share price. The 7 months technical chart setup indicates low risk for the $26.21 million company. The gap was reported on Nov, 15 by Barchart.com. If the $1.43 price target is reached, the company will be worth $11.27M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 67,698 shares traded hands or 79.74% up from the average. Rock Tech Lithium Inc (CVE:RCK) has risen 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.
More notable recent Rock Tech Lithium Inc (CVE:RCK) news were published by: Juniorminingnetwork.com which released: “Rock Tech Lithium Reports Assay Results From Georgia Lake Lithium Property” on October 11, 2016, also Investingnews.com with their article: “5 Top TSXV Stocks: Rock Tech Lithium and Azimut Up Over 65 Percent” published on April 04, 2016, Stockhouse.com published: “Rock Tech Announces Private Placement” on October 27, 2016. More interesting news about Rock Tech Lithium Inc (CVE:RCK) were released by: Investingnews.com and their article: “Rock Tech Reports Assay Results from Georgia Lake Lithium Property” published on November 14, 2016 as well as Marketwired.com‘s news article titled: “Ultra Lithium Appoints Vice President Exploration” with publication date: August 08, 2016.
Rock Tech Lithium Inc. is a Canada-based mineral exploration company. The company has a market cap of $26.21 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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