Oroco Resource (CVE:OCO) Stock Price Down 3.4% - Here's What Happened

Oroco Resource Corp. (CVE:OCO - Get Free Report) traded down 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 mid-day 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 Stock Down 5.2%

The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.79 and a current ratio of 0.78. The stock has a market cap of C$66.90 million, a P/E ratio of -17.00 and a beta of 1.82. The stock's fifty day simple moving average is C$0.34 and its 200-day simple moving average is C$0.32.

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.