Oroco Resource (CVE:OCO) Stock Price Up 49.4% – Here’s What Happened
by Teresa Graham · The Cerbat GemOroco Resource Corp. (CVE:OCO – Get Free Report) shares rose 49.4% on Monday . The company traded as high as C$0.67 and last traded at C$0.65. Approximately 5,273,751 shares traded hands during mid-day trading, an increase of 139% from the average daily volume of 2,203,566 shares. The stock had previously closed at C$0.44.
Key Headlines Impacting Oroco Resource
Here are the key news stories impacting Oroco Resource this week:
- Positive Sentiment: Raises cash to advance exploration/development — a bought‑deal indicates committed financing that can fund drilling, permitting or technical work and reduce short‑term funding risk. Oroco Resource Corp.: Oroco Files Prospectus Supplement in Connection with Bought Deal Public Offering
- Neutral Sentiment: Prospectus supplement formalizes the offering mechanics (timing, number of securities, agents) but details that determine market impact (pricing, use of proceeds breakdown) may be in the supplement and final prospectus. Watch for the offering size and buyer commitments when released. Oroco Resource Corp.: Oroco Files Prospectus Supplement in Connection with Bought Deal Public Offering
- Negative Sentiment: Potential dilution and near‑term selling pressure — a public offering increases share count and may weigh on the stock once new shares are issued or if underwriters hedge. Investors should gauge dilution extent once final terms are disclosed. Oroco Resource Corp.: Oroco Files Prospectus Supplement in Connection with Bought Deal Public Offering
Oroco Resource Price Performance
The firm has a 50-day moving average of C$0.34 and a 200-day moving average of C$0.32. The firm has a market capitalization of C$165.13 million, a P/E ratio of -33.00 and a beta of -0.28. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.79 and a current ratio of 0.78.
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.