Orocobre Limited (TSE:ORL) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$2.25 and last traded at C$2.25, with a volume of 15804 shares. The stock had previously closed at C$2.40.
Separately, Eight Capital reduced their price objective on Orocobre from C$6.60 to C$5.80 in a research report on Thursday, July 25th.
The company has a debt-to-equity ratio of 0.08, a current ratio of 49.98 and a quick ratio of 41.77. The company has a 50-day moving average of C$2.55. The firm has a market cap of $709.15 million and a price-to-earnings ratio of 32.61.
About Orocobre (TSE:ORL)
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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