Why Orocobre, Ramsay, Webjet, & Xero shares are dropping lower // Motley Fool Australia

In afternoon trade the S&P/ASX 200 Index (ASX: XJO) looks set to end a very positive week on a disappointing note. The benchmark index is down 0.55% to 6,382.5 points.

Four shares that are falling more than most today are listed below. Here’s why they are dropping lower:

The Orocobre share price is down 2% to $2.96. This follows the release of its annual general meeting update this morning. At the meeting the company spoke about its tough time in FY 2020 due to difficult lithium market conditions. It notes that COVID-19 made the situation worse with lithium supply remaining resilient while battery and electric vehicle (EV) manufacturing was reduced. Positively, management advised that it is now starting to see increased spot…