Oroco Resource (CVE:OCO) Trading Down 30.3% – Here’s What Happened
by Tristan Rich · The Markets DailyOroco Resource Corp. (CVE:OCO – Get Free Report)’s stock price traded down 30.3% during mid-day trading on Wednesday . The company traded as low as C$0.45 and last traded at C$0.45. 10,076,492 shares changed hands during trading, an increase of 218% from the average session volume of 3,168,994 shares. The stock had previously closed at C$0.65.
Oroco Resource Price Performance
The company has a quick ratio of 5.79, a current ratio of 0.78 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average price is C$0.35 and its two-hundred day moving average price is C$0.32. The firm has a market capitalization of C$134.64 million, a price-to-earnings 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.