Orica (OTCMKTS:OCLDF) Trading Up 24% – Here’s Why

Orica Limited (OTCMKTS:OCLDFGet Free Report) was up 24% on Thursday . The stock traded as high as $17.20 and last traded at $17.20. Approximately 105 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 200 shares. The stock had previously closed at $13.87.

Orica Price Performance

The company’s 50-day moving average is $14.97 and its 200 day moving average is $14.29.

About Orica

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Orica Limited (OTCMKTS:OCLDF) is a leading global provider of commercial explosives, blasting systems and ground support services for the mining, quarrying, oil and gas industries. The company’s core offerings include bulk and packaged explosives, electronic detonation systems, initiating systems and a suite of digital blasting services designed to optimize blast designs, improve safety and enhance operational efficiency. Orica also operates a specialty chemicals division, supplying industrial and agricultural chemicals that support mining operations and related industries.

Founded in 1874 as Jones, Scott & Co in Melbourne, Australia, Orica has evolved through strategic acquisitions and divestments to become one of the largest players in the explosives market.

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