Orocobre (TSE:ORL) Shares Pass Below 50 Day Moving Average – Here’s Why

Orocobre Limited (TSE:ORLGet Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$8.28 and traded as low as C$8.12. Orocobre shares last traded at C$8.28, with a volume of 19,461 shares traded.

Orocobre Trading Up 3.6 %

The company has a quick ratio of 3.68, a current ratio of 4.33 and a debt-to-equity ratio of 47.17. The company has a market cap of C$5.28 billion and a price-to-earnings ratio of -36.00. The business has a fifty day simple moving average of C$8.28.

Orocobre Company Profile

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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.

Further Reading

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