Orica (OTCMKTS:OCLDY) Trading Down 7.1% – Should You Sell?

Shares of Orica Limited (OTCMKTS:OCLDY) traded down 7.1% during trading on Wednesday . The company traded as low as $9.61 and last traded at $9.61. 389 shares were traded during trading, a decline of 65% from the average session volume of 1,113 shares. The stock had previously closed at $10.35.

Orica Trading Down 7.1 %

The firm’s fifty day moving average is $10.62 and its 200 day moving average is $11.41.

Orica Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, November 25th were issued a $0.1808 dividend. This is an increase from Orica’s previous dividend of $0.11. The ex-dividend date of this dividend was Monday, November 25th. Orica’s dividend payout ratio is presently 52.08%.

Orica Company Profile

Orica Limited manufactures, distributes, and sells commercial blasting systems, mining and tunnelling support systems, and various chemical products and services in Australia, Peru, the United States, and internationally. The company provides 4D bulk explosives systems, packaged explosives, initiating systems, boosters, and seismic explosive ranges; technical services and solutions; and supplementary services.