Oroco Resource (CVE:OCO) Shares Up 3.8% - Here's What Happened

Key Points

• Oroco Resource Corp. (CVE:OCO) saw a 3.8% increase in stock price during mid-day trading, reaching C$0.27.
• The company's market capitalization is C$65.68 million, and it has a P/E ratio of -16.69.
• Oroco Resource primarily focuses on mineral exploration for gold, silver, and copper in Mexico, with a major concentration on the Santo Tomas copper project in Sinaloa State.

Oroco Resource Corp. (CVE:OCO - Get Free Report)'s stock price shot up 3.8% during mid-day trading on Thursday . The stock traded as high as C$0.27 and last traded at C$0.27. 81,700 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 164,148 shares. The stock had previously closed at C$0.26.

Oroco Resource Price Performance

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's 50-day simple moving average is C$0.30 and its 200-day simple moving average is C$0.32. The company has a market cap of C$60.82 million, a price-to-earnings ratio of -15.46 and a beta of 1.82.

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.