Allkem Limited (OTCMKTS:OROCF – Get Free Report)’s stock price traded up 1.5% during trading on Thursday. The stock traded as high as $6.80 and last traded at $6.80. Approximately 1,900 shares traded hands during trading, a decline of 87% from the average session volume of 14,560 shares. The stock had previously closed at $6.70.
Allkem Price Performance
The stock’s 50-day moving average is $6.80 and its 200-day moving average is $6.80. The company has a current ratio of 2.52, a quick ratio of 2.23 and a debt-to-equity ratio of 0.08.
Allkem Company Profile
Allkem Limited was an Australia-based lithium company formed in 2021 through the merger of Orocobre Limited and Galaxy Resources Limited. The company focused on the exploration, development and production of lithium compounds used in rechargeable batteries, electric vehicles and energy-storage systems.
Allkem’s principal operations and development projects included the Olaroz lithium carbonate operation and the Sal de Vida brine project in Argentina, the James Bay hard-rock lithium project in Quebec, Canada, and the Mt Cattlin spodumene operation in Western Australia.
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