Orica (OTCMKTS:OCLDY) Shares Gap Up – Here’s What Happened

Orica Limited (OTCMKTS:OCLDYGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $14.51, but opened at $16.56. Orica shares last traded at $16.56, with a volume of 122 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised Orica to a “hold” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Check Out Our Latest Analysis on OCLDY

Orica Stock Performance

The business has a 50 day moving average price of $16.46 and a 200-day moving average price of $15.71.

About Orica

(Get Free Report)

Orica Limited is a leading global provider of commercial explosives and blasting systems to the mining, quarrying and construction industries. Headquartered in Melbourne, Australia, the company designs, manufactures and distributes a comprehensive range of bulk and packaged explosives, initiating systems, detonators and digital blasting solutions. Its offerings include ground support products, ventilation systems in underground mining and specialty chemicals that support safe and efficient rock fragmentation and material handling.

In addition to explosives, Orica supplies sodium cyanide for gold extraction, bulk emulsions and specialty ammonium nitrate products.

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