Orocobre (ASX:ORE) Trading Down 3.5%
Orocobre Limited (ASX:ORE) shares fell 3.5% on Monday . The stock traded as low as A$3.03 ($2.15) and last traded at A$3.06 ($2.17). 2,696,939 shares were traded during trading, an increase of 17% from the average session volume of 2,310,000 shares. The stock had previously closed at A$3.17 ($2.25).
The firm has a 50 day simple moving average of A$3.35. The firm has a market cap of $800.74 million and a price-to-earnings ratio of 44.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 41.77 and a current ratio of 49.98.
In other Orocobre news, insider Richard Seville purchased 145,073 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were acquired at an average price of A$3.58 ($2.54) per share, for a total transaction of A$519,361.34 ($368,341.38).
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Orocobre Limited engages in the exploration, development, and production of lithium, potash, and boron deposits in Argentina. The company's flagship project is the Salar de Olaroz lithium project located in the Jujuy province of northern Argentina. It also produces minerals, refined products, and boric acid.
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