Allkem Limited (OTCMKTS:OROCF – Get Free Report) was up 1.5% during mid-day trading on Thursday. The stock traded as high as $6.80 and last traded at $6.80. Approximately 1,900 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 14,560 shares. The stock had previously closed at $6.70.
Allkem Stock Performance
The stock has a 50 day simple moving average of $6.80 and a 200 day simple moving average of $6.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.23 and a current ratio of 2.52.
About Allkem
Allkem Limited was an Australia-based lithium company formed in 2021 through the merger of Orocobre Limited and Galaxy Resources Limited. The company focused on the exploration, development and production of lithium compounds used in rechargeable batteries, electric vehicles and energy-storage systems.
Allkem’s principal operations and development projects included the Olaroz lithium carbonate operation and the Sal de Vida brine project in Argentina, the James Bay hard-rock lithium project in Quebec, Canada, and the Mt Cattlin spodumene operation in Western Australia.
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