Connect with us

Business

Orocobre (ASX:ORE) share price rebounds from broker downgrade

Published

on

ADVERTISEMENT

The Orocobre Limited (ASX: ORE) share price is fighting back after it got hit with a broker downgrade.

The Orocobre share price tumbled more than 3% in early trade but bounced to be up 0.7% at $5.59 at the time of writing.

In contrast, the S&P/ASX 200 Index (Index:^AXJO) shed 0.3% of its value as mining, energy and property shares weighed.

Why JPMorgan downgraded the Orocobre share price

The positive sentiment towards all-things lithium can’t be easily turned off even as JPMorgan cut its recommendation on the Orocobre share price to “neutral” from “overweight”.

This isn’t to say that the broker has a negative take on the mineral. If…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

SSR Mining (ASX:SSR) share price surges 8%. Here’s why
Why the Carnaby Resources (ASX:CNB) share price rocketed 11%