Allkem (OTCMKTS:OROCF) Shares Pass Below 50 Day Moving Average – Here’s Why

Allkem Limited (OTCMKTS:OROCFGet Free Report)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.80 and traded as low as $6.70. Allkem shares last traded at $6.80, with a volume of 1,900 shares.

Allkem Trading Up 1.5 %

The company has a 50 day moving average of $6.80 and a 200-day moving average of $6.80. The company has a quick ratio of 2.23, a current ratio of 2.52 and a debt-to-equity ratio of 0.08.

Allkem Company Profile

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Allkem Limited engages in the production and sale of lithium and boron in Argentina. Its flagship project is the Olaroz Lithium Facility located in Jujuy province in northern Argentina. Allkem Limited was incorporated in 2005 and is headquartered in Brisbane, Australia.

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