Shares of Orocobre Limited (TSE:ORL – Get Free Report) were up 3.6% on Monday . The stock traded as high as C$8.34 and last traded at C$8.28. Approximately 19,462 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 72,233 shares. The stock had previously closed at C$7.99.
Orocobre Stock 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 capitalization of C$5.28 billion and a price-to-earnings ratio of -36.00. The firm has a fifty day moving average of 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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