Orocobre (ASX:ORE) Stock Passes Above 200 Day Moving Average of $3.19

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Orocobre Limited (ASX:ORE)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.19 and traded as high as $2.72. Orocobre shares last traded at $2.60, with a volume of 988,495 shares traded.

The company has a current ratio of 3.27, a quick ratio of 2.73 and a debt-to-equity ratio of 25.53. The company has a market cap of $680.36 million and a price-to-earnings ratio of 12.50. The company has a fifty day moving average price of A$2.71 and a two-hundred day moving average price of A$3.19.

In related news, insider Robert Hubbard bought 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average price of A$2.25 ($1.60) per share, for a total transaction of A$56,350.00 ($39,964.54).

Orocobre Company Profile (ASX:ORE)

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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