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Allkem Ltd T.ORL


Primary Symbol: OROCF

Metals & Mining Industrial Metals & Minerals
Allkem Ltd formerly Orocobre Ltd is an industrial chemical and mineral exploration company. It explores and develops lithium, potash, and salar mineral deposits. The company's segments are Corporate, Borax, and Olaroz. The majority of the company's revenue is derived from the Olaroz segment.


PINL:OROCF - Post by User

Allkem Ltd
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Post by vchesaron Apr 08, 2016 5:17pm
225 Views
Post# 24746909

Share Price Jump

Share Price JumpThe price of ORL has jumped over 10%- 33 cents today taking the share price to a all time high of $3.34. Today, the TSX volume also was considerably higher than usual - close to 146,000. Is the price jump due to the leak of any insider information? It could be investors are expecting a news release that Orcobre reached its production target of 2400 tonnes or more during the 1st quarter. Orocobre mainly trades in Australian Exchange. In ASX, average daily volume was 700,000 in the past one month. In TSX, the average one month volume was only 43,400. Usually TSX prices keeps the price close to the price closed at ASX. Today, howver, is very different. In ASX price closed at AUD$2.99 (CAD $2.94). Waiting for Monday for the news. GLTA .
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