Orocobre Limited (TSE:ORL – Get Free Report) shares shot up 3.6% during mid-day trading on Monday . The company traded as high as C$8.34 and last traded at C$8.28. 19,462 shares traded hands during trading, a decline of 73% from the average session volume of 72,233 shares. The stock had previously closed at C$7.99.
Orocobre Price Performance
The stock has a market capitalization of C$5.28 billion and a price-to-earnings ratio of -36.00. The company has a 50-day simple moving average of C$8.28. The company has a debt-to-equity ratio of 47.17, a current ratio of 4.33 and a quick ratio of 3.68.
Orocobre Company Profile
Orocobre Limited engages in the exploration, development, and production of lithium in Argentina. The company's flagship project is the Olaroz Lithium Facility located in the Jujuy province of northern Argentina. It also operates two open pit mines situated in Tincalayu and Sijes producing minerals, refined products, and boric acid.
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