Oroco Resource (CVE:OCO) Trading 51.7% Higher – Here’s What Happened

by · The Cerbat Gem

Oroco Resource Corp. (CVE:OCOGet Free Report) was up 51.7% during mid-day trading on Monday . The stock traded as high as C$0.67 and last traded at C$0.66. Approximately 5,114,051 shares traded hands during mid-day trading, an increase of 137% from the average daily volume of 2,155,323 shares. The stock had previously closed at C$0.44.

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Oroco Resource Stock Up 49.4%

The company has a market cap of C$165.13 million, a P/E ratio of -33.00 and a beta of -0.28. The company’s 50-day moving average is C$0.34 and its two-hundred day moving average is C$0.32. 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

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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.

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