Oroco Resource (CVE:OCO) Stock Price Up 14.8% – Here’s Why
by Jessica Moore · The Cerbat GemOroco Resource Corp. (CVE:OCO – Get Free Report)’s share price traded up 14.8% on Wednesday . The company traded as high as C$0.53 and last traded at C$0.52. 4,916,237 shares traded hands during mid-day trading, an increase of 47% from the average session volume of 3,353,268 shares. The stock had previously closed at C$0.45.
Oroco Resource Stock Down 6.6%
The company has a market capitalization of C$130.78 million, a price-to-earnings ratio of -33.00 and a beta of -0.28. 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 firm’s fifty day moving average price is C$0.35 and its 200-day moving average price 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.