Orocobre (TSE:ORL) Trading 3.6% Higher

Shares of Orocobre Limited (TSE:ORLGet Free Report) shot up 3.6% during mid-day trading on Monday . The stock traded as high as C$8.34 and last traded at C$8.28. 19,462 shares were traded 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 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 company’s 50 day moving average is 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.

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