Oroco Resource (CVE:OCO) Stock Price Up 6.3% - Here's Why

Key Points

• Oroco Resource Corp.'s stock rose by 6.3%, closing at C$0.42, with approximately 245,041 shares traded, marking a 52% increase in volume compared to its average.
• The company, focused on exploring gold, silver, and copper deposits in Mexico, holds significant projects including the Santo Tomas porphyry copper project in Sinaloa State.
• Oroco has a market cap of C$106.70 million and a debt-to-equity ratio of 0.54, indicating a stable financial position as it continues its exploration efforts.

Oroco Resource Corp. (CVE:OCO - )'s stock price rose 6.3% on Friday . The company traded as high as C$0.43 and last traded at C$0.42. Approximately 245,041 shares changed hands during trading, an increase of 52% from the average daily volume of 161,410 shares. The stock had previously closed at C$0.40.

Oroco Resource Price Performance

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$106.70 million, a PE ratio of -21.00 and a beta of 0.00. The stock's 50-day moving average is C$0.28 and its two-hundred day moving average is C$0.32.

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.

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