Oroco Resource (CVE:OCO) Trading 31% Higher – Here’s Why
by Sarita Garza · The Markets DailyOroco Resource Corp. (CVE:OCO – Get Free Report) traded up 31% on Monday . The stock traded as high as C$0.64 and last traded at C$0.57. 1,960,194 shares changed hands during mid-day trading, an increase of 31% from the average session volume of 1,494,033 shares. The stock had previously closed at C$0.44.
Key Oroco Resource News
Here are the key news stories impacting Oroco Resource this week:
- Positive Sentiment: Oroco closed an upsized C$23 million bought‑deal financing led by Canaccord Genuity; proceeds are earmarked to advance the Santo Tomás copper project, which should fund near‑term exploration and de‑risk the project timeline. Oroco Closes Upsized C$23M Bought Deal Financing Led by Canaccord Genuity
- Positive Sentiment: Market reacted strongly — shares jumped sharply and volume surged well above average after the financing was announced, indicating investor enthusiasm and renewed risk appetite for the story. Oroco Resource (CVE:OCO) Shares Up 49.4% – Here’s Why
- Neutral Sentiment: The offering was described as “upsized,” implying stronger demand than initially planned — a positive signal about investor interest but not a guarantee of longer‑term momentum. Oroco Raises C$23 Million in Upsized Bought Deal to Advance Santo Tomás Copper Project
- Negative Sentiment: Financings dilute existing shareholders — the bought‑deal likely increased the share count (and may include warrants/units), so investors should weigh dilution against the value of the project‑advancing capital. Review the offering terms for exact dilutive impact. Oroco Closes Upsized C$23M Bought Deal Financing Led by Canaccord Genuity
- Negative Sentiment: Oroco remains an exploration/development company with negative earnings and limited near‑term operating cash flow; execution risk (drill results, permitting, commodity prices) still drives long‑term value. (See company filings and analyst notes for details.)
Oroco Resource Stock Up 19.2%
The firm’s 50-day simple moving average is C$0.34 and its 200 day simple moving average is C$0.32. 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 company has a market cap of C$137.18 million, a P/E ratio of -33.00 and a beta of -0.28.
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.