Shares of Orica Limited (OTCMKTS:OCLDY – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $14.51, but opened at $16.56. Orica shares last traded at $16.56, with a volume of 122 shares changing hands.
Wall Street Analyst Weigh In
Separately, Zacks Research raised Orica to a “hold” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.
View Our Latest Analysis on Orica
Orica Trading Up 4.8%
About Orica
Orica Limited is a leading global provider of commercial explosives and blasting systems to the mining, quarrying and construction industries. Headquartered in Melbourne, Australia, the company designs, manufactures and distributes a comprehensive range of bulk and packaged explosives, initiating systems, detonators and digital blasting solutions. Its offerings include ground support products, ventilation systems in underground mining and specialty chemicals that support safe and efficient rock fragmentation and material handling.
In addition to explosives, Orica supplies sodium cyanide for gold extraction, bulk emulsions and specialty ammonium nitrate products.
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