OROCOBRE reduces its risk exposure and slightly improves to Neutral
The independent financial analyst theScreener just allocated a lower risk rating to OROCOBRE (AU), active in the General Mining industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly improved and can be qualified as moderately risky. theScreener considers that these elements merit an overall rating upgrade to Neutral. As of the analysis date October 15, 2021, the closing price was AUD 8.66 and its expected value was estimated at AUD 8.67.Orocobre is engaged in the project funding arrangements and subsequent construction of Co.'s flagship Olaroz lithium project, resource definition at Cauchari, long term pumping test results at Salinas Grandes, the acquisition of and the subsequent operations at, Borax Argentina S.A.
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