Orocobre (TSE:ORL) Shares Pass Above Fifty Day Moving Average of $2.62

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Orocobre Limited (TSE:ORL)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.62 and traded as high as $2.70. Orocobre shares last traded at $2.44, with a volume of 52,387 shares traded.

The stock has a 50 day simple moving average of C$2.61 and a 200-day simple moving average of C$2.32. The firm has a market capitalization of $791.68 million and a P/E ratio of -12.35. The company has a current ratio of 2.15, a quick ratio of 1.78 and a debt-to-equity ratio of 37.60.

Orocobre Company Profile (TSE:ORL)

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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