Orica (OTCMKTS:OCLDY) Shares Gap Down – Here’s Why

Orica Limited (OTCMKTS:OCLDYGet Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $17.00, but opened at $15.8050. Orica shares last traded at $15.8050, with a volume of 128 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Orica to a “hold” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Orica currently has a consensus rating of “Hold”.

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Orica Stock Performance

The firm’s 50 day simple moving average is $16.60 and its 200 day simple moving average is $15.78.

About Orica

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Orica Limited is a leading global provider of commercial explosives and blasting systems to the mining, quarrying and construction industries. Headquartered in Melbourne, Australia, the company designs, manufactures and distributes a comprehensive range of bulk and packaged explosives, initiating systems, detonators and digital blasting solutions. Its offerings include ground support products, ventilation systems in underground mining and specialty chemicals that support safe and efficient rock fragmentation and material handling.

In addition to explosives, Orica supplies sodium cyanide for gold extraction, bulk emulsions and specialty ammonium nitrate products.

Further Reading

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