Shares of Allkem Limited (OTCMKTS:OROCF – Get Free Report) passed below its 50-day moving average during trading on Thursday. The stock has a 50-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 changing hands.
Allkem Trading Up 1.5%
The stock’s fifty day moving average price is $6.80 and its 200-day moving average price is $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.
About Allkem
Allkem Limited was an Australian lithium company formed in 2021 through the merger of Orocobre Limited and Galaxy Resources Limited. The company developed and operated lithium assets in Australia, Argentina and Canada, supplying materials used in rechargeable batteries, electric vehicles and energy-storage systems.
Allkem’s principal operations included the Olaroz lithium brine operation in Argentina, which produced lithium carbonate, and the Mt Cattlin hard-rock mine in Western Australia, which produced spodumene concentrate.
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