Oroco Resource (CVE:OCO) Shares Down 3.4% - Time to Sell?

Oroco Resource Corp. (CVE:OCO - Get Free Report)'s stock price fell 3.4% during mid-day trading on Wednesday . The company traded as low as C$0.29 and last traded at C$0.29. 213,326 shares traded hands during trading, an increase of 24% from the average session volume of 172,137 shares. The stock had previously closed at C$0.30.

Oroco Resource Trading Down 3.4%

The company has a market cap of C$69.33 million, a P/E ratio of -17.62 and a beta of 1.82. The business has a fifty day moving average price of C$0.34 and a 200-day moving average price of C$0.32. The company has a quick ratio of 5.79, a current ratio of 0.78 and a debt-to-equity ratio of 0.54.

Oroco Resource Company Profile

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.

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