Oroco Resource (CVE:OCO) Trading Down 2.8% - Here's Why

Oroco Resource Corp. (CVE:OCO - Get Free Report)'s share price was down 2.8% during mid-day trading on Wednesday . The stock traded as low as C$0.35 and last traded at C$0.35. Approximately 24,424 shares were traded during trading, a decline of 86% from the average daily volume of 176,688 shares. The stock had previously closed at C$0.36.

Oroco Resource Trading Up 3.2%

The stock has a market capitalization of C$77.85 million, a PE ratio of -19.78 and a beta of 1.82. The firm has a 50-day moving average price of C$0.36 and a 200-day moving average price of 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.

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.