Orocobre (TSE:ORL) Shares Up 3.6% – What’s Next?

Orocobre Limited (TSE:ORL) shares shot up 3.6% on Monday . The stock traded as high as C$8.34 and last traded at C$8.28. 19,462 shares were traded during mid-day trading, a decline of 73% from the average session volume of 72,233 shares. The stock had previously closed at C$7.99.

Orocobre Stock Up 3.6 %

The stock has a fifty day simple moving average of C$8.28. The company has a debt-to-equity ratio of 47.17, a current ratio of 4.33 and a quick ratio of 3.68. The stock has a market cap of C$5.28 billion and a P/E ratio of -36.00.

Orocobre Company Profile

Orocobre Limited engages in the exploration, development, and production of lithium in Argentina. The company's flagship project is the Olaroz Lithium Facility located in the Jujuy province of northern Argentina. It also operates two open pit mines situated in Tincalayu and Sijes producing minerals, refined products, and boric acid.