Orocobre (TSE:ORL) Reaches New 1-Year Low at $2.05
Orocobre Limited (TSE:ORL)’s share price reached a new 52-week low on Wednesday . The stock traded as low as C$2.05 and last traded at C$2.05, with a volume of 33570 shares traded. The stock had previously closed at C$2.22.
Separately, Eight Capital decreased their price target on shares of Orocobre from C$6.60 to C$5.80 in a report on Thursday, July 25th.
The stock has a market cap of $588.78 million and a P/E ratio of 31.74. The firm’s fifty day moving average price is C$2.50 and its two-hundred day moving average price is C$2.99. The company has a debt-to-equity ratio of 0.08, a current ratio of 49.98 and a quick ratio of 41.77.
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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