JPMorgan Chase & Co. Downgrades Orocobre (OTCMKTS:OROCF) to Underweight

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Orocobre (OTCMKTS:OROCF) was downgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a note issued to investors on Friday, The Fly reports.

Shares of OTCMKTS:OROCF opened at $2.15 on Friday. Orocobre has a fifty-two week low of $1.01 and a fifty-two week high of $2.71. The business has a 50-day moving average of $1.81 and a two-hundred day moving average of $1.74.

About Orocobre

Orocobre Limited engages in the exploration, development, and production of lithium, potash, and boron deposits in Argentina. The company's flagship project is the Salar de Olaroz lithium project located in the Jujuy province of northern Argentina. It also produces minerals, refined products, and boric acid.

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