Orica (OTCMKTS:OCLDY) Trading Up 5.7% – Here’s Why

Orica Limited (OTCMKTS:OCLDYGet Free Report) rose 5.7% during trading on Tuesday . The company traded as high as $17.02 and last traded at $16.65. Approximately 5,098 shares were traded during mid-day trading, an increase of 622% from the average daily volume of 706 shares. The stock had previously closed at $15.75.

Orica Trading Up 5.7%

The business’s 50-day simple moving average is $15.17 and its 200-day simple moving average is $14.05.

Orica Company Profile

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Orica Limited is a leading global provider of commercial explosives and blasting systems to the mining, quarrying and construction industries. Headquartered in Melbourne, Australia, the company designs, manufactures and distributes a comprehensive range of bulk and packaged explosives, initiating systems, detonators and digital blasting solutions. Its offerings include ground support products, ventilation systems in underground mining and specialty chemicals that support safe and efficient rock fragmentation and material handling.

In addition to explosives, Orica supplies sodium cyanide for gold extraction, bulk emulsions and specialty ammonium nitrate products.

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