Orocobre (OTCMKTS:OROCF) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of Orocobre (OTCMKTS:OROCF) from a hold rating to a buy rating in a report issued on Saturday morning, ValuEngine reports.

Shares of OTCMKTS OROCF traded down $0.02 during trading hours on Friday, hitting $1.68. 1,351 shares of the stock were exchanged, compared to its average volume of 12,785. The company has a current ratio of 3.27, a quick ratio of 2.86 and a debt-to-equity ratio of 0.14. The firm has a fifty day moving average price of $1.71 and a 200-day moving average price of $2.10. Orocobre has a 12 month low of $1.54 and a 12 month high of $3.60.

About Orocobre

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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