Oroco Resource (CVE:OCO) Stock Price 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.

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

Oroco Resource Stock Performance

The firm has a 50-day moving average of C$0.30 and a two-hundred day moving average 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. The company has a market capitalization 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.