Orocobre (TSE:ORL) Share Price Passes Below 50 Day Moving Average of $8.19

Orocobre Limited (TSE:ORLGet Rating)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$8.19 and traded as low as C$8.12. Orocobre shares last traded at C$8.28, with a volume of 19,462 shares traded.

Orocobre Stock Performance

The firm has a market cap of C$5.28 billion and a P/E ratio of -36.00. The business has a 50-day simple moving average of C$8.19. The company has a debt-to-equity ratio of 47.17, a quick ratio of 3.68 and a current ratio of 4.33.

About Orocobre

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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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