Metalstech Ltd (ASX:MTC) dropped 15.4% during mid-day trading on Monday . The company traded as low as A$0.03 ($0.02) and last traded at A$0.03 ($0.02), approximately 1,331,181 shares changed hands during mid-day trading. The stock had previously closed at A$0.04 ($0.03).
The stock has a market capitalization of $3.15 million and a price-to-earnings ratio of -0.94. The stock’s 50 day simple moving average is A$0.04 and its 200-day simple moving average is A$0.02.
About Metalstech (ASX:MTC)
MetalsTech Limited explores for and develops lithium and cobalt deposits in Canada. Its flagship property is the Cancet lithium project located approximately 185 km east of La Grande and bisected by the Trans Taiga Highway with high voltage power near the project. The company's portfolio comprises nine lithium projects located in Quebec, which include 898 mining claims covering an area of approximately 47,274 hectares.
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