Oroco Resource (CVE:OCO) Shares Down 1.4% - Here's What Happened

Key Points

• Oroco Resource Corp. shares experienced a 1.4% decline, trading at C$0.34 after hitting a low of C$0.32.
• The company has a market cap of C$86.37 million and a negative P/E ratio of -34.00.
• Oroco primarily focuses on mineral exploration in Mexico, notably the Santo Tomas porphyry copper project in Sinaloa State.

Oroco Resource Corp. (CVE:OCO - ) was down 1.4% during trading on Friday . The company traded as low as C$0.32 and last traded at C$0.34. Approximately 89,588 shares traded hands during trading, a decline of 44% from the average daily volume of 159,269 shares. The stock had previously closed at C$0.35.

Oroco Resource Stock Performance

The company has a market cap of C$86.37 million, a P/E ratio of -34.00 and a beta of 0.36. The business's 50 day simple moving average is C$0.32 and its 200 day simple moving average is C$0.32. The company has a current ratio of 0.78, a quick ratio of 5.79 and a debt-to-equity ratio of 0.54.

About Oroco Resource

Oroco Resource Corp., an exploration stage company, engages in the acquisition and exploration of mineral properties in Mexico. It explores for gold, silver, and copper deposits. The company primarily focuses on the Santo Tomas porphyry copper project located in Sinaloa State. It also holds 100% interests in the Xochipala project that includes Celia Gene and Celia Generosa contiguous mineral concessions covering an area of 193 hectares located in Guerrero; and the Salvador property that covers an area of 100 hectares located in Guerrero.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.