Business
Why the Orocobre (ASX:ORE) share price is surging
The Orocobre Limited (ASX: ORE) share price is one to keep a close eye on right now. Shares in the Aussie lithium chemical producer jumped 7.4% higher yesterday and are now up 20.1% in 2021 alone.
Why is the Orocobre share price surging right now?
It usually pays to look at ASX announcements when shares are on the move. For Orocobre, however, there have been no major announcements since its half-year results released on 26 February 2021.
Orocobre reported significant cost reduction for the half-year ended 31 December 2020 with the cost of sales coming in at US$3,777 per tonne thanks to increased operational efficiency.
Production levels fell 9% to 6,079 tonnes due to coronavirus restrictions while sales soared 21% higher to 7,738…
-
Business24 hours ago9 ASX shares including Nuix and PolyNovo dumped from ASX 200
-
Noosa News22 hours agoTrial for Clive Mensink, former director of Queensland Nickel, delayed due to ‘exceptional circumstances’
-
Business20 hours agoHow to build a $250,000 passive income portfolio starting from zero
-
Noosa News19 hours agoDrivers call out bad manners and most hated acts on Queensland roads