Orocobre Limited (TSE:ORL – Get Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-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 19,462 shares changing hands.
Orocobre Stock Performance
The company has a current ratio of 4.33, a quick ratio of 3.68 and a debt-to-equity ratio of 47.17. The stock’s 50-day simple moving average is C$8.28. The firm has a market capitalization of C$5.28 billion and a P/E ratio of -36.00.
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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