The stock of Orocobre Limited (ASX:ORE) is a huge mover today! The stock increased 20.44% or $0.65 on October 31, hitting $3.83. About 4.53 million shares traded hands or 695.20% up from the average. Orocobre Limited (ASX:ORE) has risen 28.52% since April 4, 2016 and is uptrending. It has outperformed by 25.05% the S&P500.
The move comes after 8 months positive chart setup for the $803.42M company. It was reported on Oct, 31 by Barchart.com. We have $5.40 PT which if reached, will make ASX:ORE worth $329.40M more.
More notable recent Orocobre Limited (ASX:ORE) news were published by: Fool.com.Au which released: “Here’s why Orocobre Limited shares have gone gangbusters today” on October 31, 2016, also Juniorminingnetwork.com with their article: “Orocobre Limited Quarterly Activities Report” published on October 28, 2016, Fool.com.Au published: “Up 118%: Is lithium producer Orocobre Limited still a buy?” on July 19, 2016. More interesting news about Orocobre Limited (ASX:ORE) were released by: Fool.com.Au and their article: “Is it time to sell Orocobre Limited and the rest of the lithium producers?” published on September 21, 2016 as well as Fool.com.Au‘s news article titled: “Orocobre Limited shares soar as lithium price hype builds” with publication date: May 26, 2016.
Orocobre Limited operates primarily in Argentina in the mining industry. The company has a market cap of $803.42 million. The Firm engages in the production ramp up of its Olaroz Lithium Facility and the operation of Borax Argentina S.A. . It currently has negative earnings. The Company’s divisions include Corporate, the Olaroz project, South American Salars and Borax Argentina.
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