Orocobre Limited (TSE:ORL – Get Free Report) shot up 3.6% on Monday . The company traded as high as C$8.34 and last traded at C$8.28. 19,461 shares changed hands during mid-day 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 company has a debt-to-equity ratio of 47.17, a quick ratio of 3.68 and a current ratio of 4.33. The stock has a market capitalization of C$5.28 billion and a P/E ratio of -36.00. The stock’s 50-day moving average is C$8.28.
About Orocobre
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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