Orica (OTCMKTS:OCLDY) Trading Up 4.8% – Should You Buy?

Orica Limited (OTCMKTS:OCLDYGet Free Report)’s stock price rose 4.8% on Friday . The company traded as high as $13.00 and last traded at $13.00. Approximately 120 shares traded hands during trading, a decline of 84% from the average daily volume of 755 shares. The stock had previously closed at $12.40.

Orica Stock Performance

The business’s 50-day moving average is $11.84 and its two-hundred day moving average is $10.86.

Orica Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, May 26th will be paid a dividend of $0.1236 per share. This represents a yield of 2.19%. The ex-dividend date of this dividend is Friday, May 23rd. Orica’s payout ratio is 52.08%.

Orica Company Profile

(Get Free Report)

Orica Limited manufactures, distributes, and sells commercial blasting systems, mining and tunnelling support systems, and various chemical products and services in Australia, Peru, the United States, and internationally. The company provides 4D bulk explosives systems, packaged explosives, initiating systems, boosters, and seismic explosive ranges; technical services and solutions; and supplementary services.

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