Orocobre Limited (ASX:ORE)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.13 and traded as high as $2.67. Orocobre shares last traded at $2.67, with a volume of 1,135,426 shares trading hands.
The stock has a market capitalization of $698.68 million and a price-to-earnings ratio of 12.84. 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 stock has a 50-day simple moving average of A$2.65 and a 200 day simple moving average of A$3.13.
In other Orocobre news, insider Robert Hubbard acquired 25,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was purchased at an average cost of A$2.25 ($1.60) per share, for a total transaction of A$56,350.00 ($39,964.54).
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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