Orocobre (ASX:ORE) Shares Pass Above 200 Day Moving Average of $3.19

Orocobre Limited (ASX:ORE) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.19 and traded as high as $2.72. Orocobre shares last traded at $2.60, with a volume of 988,495 shares.

The stock has a 50 day moving average price of A$2.71 and a two-hundred day moving average price of A$3.19. The company has a debt-to-equity ratio of 25.53, a quick ratio of 2.73 and a current ratio of 3.27. The company has a market capitalization of $680.36 million and a PE ratio of 12.50.

In related news, insider Robert Hubbard acquired 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average cost of A$2.25 ($1.60) per share, with a total value of A$56,350.00 ($39,964.54).

About Orocobre (ASX:ORE)

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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