Oroco Resource (CVE:OCO) Stock Price Down 22.1% – Should You Sell?
by Doug Wharley · The Cerbat GemOroco Resource Corp. (CVE:OCO – Get Free Report)’s share price traded down 22.1% during trading on Wednesday . The company traded as low as C$0.35 and last traded at C$0.37. 3,919,242 shares were traded during mid-day trading, an increase of 137% from the average session volume of 1,656,284 shares. The stock had previously closed at C$0.48.
More Oroco Resource News
Here are the key news stories impacting Oroco Resource this week:
- Positive Sentiment: Oroco announced it has upsized the bought‑deal financing to as much as C$23 million to advance Santo Tomás — more cash for drilling and project work reduces near‑term funding risk. Upsizes Bought Deal to Up to C$23 Million
- Neutral Sentiment: Earlier bought‑deal announcements showed staged increases (initially C$15M, then C$17.25M), indicating the financing was being scaled — this signals demand from underwriters but exact pricing/structure and shareholder dilution depend on final terms. Raises Up to C$17.25 Million
- Negative Sentiment: The market reacted negatively to the upsized bought‑deal: the stock fell sharply on heavy volume as investors priced in near‑term dilution and increased share supply tied to the financing. Stock Tumbles After Increased Bought Deal
Oroco Resource Trading Down 22.1%
The firm’s 50 day moving average is C$0.33 and its 200 day moving average is C$0.31. The company has a market capitalization of C$93.99 million, a PE 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.
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.