Orocobre Limited (OTCMKTS:OROCF)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $5.40 and last traded at $5.15, with a volume of 85665 shares changing hands. The stock had previously closed at $5.14.
Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. downgraded Orocobre from an “overweight” rating to a “neutral” rating in a research note on Monday, April 12th. Citigroup raised Orocobre from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 16th.
The company has a quick ratio of 1.86, a current ratio of 2.15 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $4.28 and a 200-day simple moving average of $3.47.
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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