Orocobre Limited (TSE:ORL)’s stock price traded up 3% during trading on Wednesday . The company traded as high as C$2.41 and last traded at C$2.41, 4,900 shares traded hands during mid-day trading. A decline of 80% from the average session volume of 24,768 shares. The stock had previously closed at C$2.34.
Separately, Eight Capital lowered their price objective on Orocobre from C$6.60 to C$5.80 in a report on Thursday, July 25th.
The company has a market cap of $622.79 million and a P/E ratio of 11.59. The business has a fifty day simple moving average of C$2.37 and a 200 day simple moving average of C$2.90. The company has a debt-to-equity ratio of 25.53, a quick ratio of 2.73 and a current ratio of 3.27.
Orocobre Limited engages in the exploration, development, and production of lithium, potash, and boron deposits in Argentina. The company's flagship project is the Salar de Olaroz lithium project located in the Jujuy province of northern Argentina. It also produces minerals, refined products, and boric acid.
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