Orica Limited (OTCMKTS:OCLDY – Get Free Report) was down 14.6% during mid-day trading on Wednesday . The stock traded as low as $14.51 and last traded at $14.51. 405 shares changed hands during trading, a decline of 34% from the average daily volume of 614 shares. The stock had previously closed at $17.00.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded Orica to a “hold” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.
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Orica Stock Performance
Orica Company Profile
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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