Orica (OTCMKTS:OCLDY) Shares Down 7.1% – Time to Sell?

Shares of Orica Limited (OTCMKTS:OCLDY) fell 7.1% during mid-day trading on Wednesday . The stock traded as low as $9.61 and last traded at $9.61. 389 shares changed hands during trading, a decline of 65% from the average session volume of 1,113 shares. The stock had previously closed at $10.35.

Orica Stock Performance

The company’s fifty day moving average is $10.62 and its 200-day moving average is $11.41.

Orica Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, November 25th were paid a dividend of $0.1808 per share. This is a boost from Orica’s previous dividend of $0.11. The ex-dividend date was Monday, November 25th. Orica’s dividend payout ratio is 52.08%.

Orica Company Profile

Orica Limited manufactures, distributes, and sells commercial blasting systems, mining and tunnelling support systems, and various chemical products and services in Australia, Peru, the United States, and internationally. The company provides 4D bulk explosives systems, packaged explosives, initiating systems, boosters, and seismic explosive ranges; technical services and solutions; and supplementary services.