Oroco Resource (CVE:OCO) Trading Down 10.5% - Here's What Happened

Key Points

• Oroco Resource Corp. (CVE:OCO) saw its stock price drop by 10.5% during mid-day trading, with shares trading as low as C$0.25 and closing at C$0.26.
• The company's market cap stands at C$63.25 million, with a price-to-earnings ratio of -16.07 and a beta of 1.82.
• Oroco Resource focuses on the exploration of mineral properties in Mexico, particularly the Santo Tomas porphyry copper project and holds significant interests in other gold and copper projects in Guerrero.

Oroco Resource Corp. (CVE:OCO - Get Free Report)'s share price fell 10.5% during mid-day trading on Wednesday . The stock traded as low as C$0.25 and last traded at C$0.26. 266,847 shares traded hands during trading, an increase of 63% from the average session volume of 164,141 shares. The stock had previously closed at C$0.29.

Oroco Resource Trading Down 7.4%

The company's 50 day simple moving average is C$0.30 and its two-hundred day simple moving average is C$0.32. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 5.79. The company has a market cap of C$60.82 million, a PE ratio of -15.46 and a beta of 1.82.

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.