Oroco Resource (CVE:OCO) Stock Price Down 18.9% – Should You Sell?
by Doug Wharley · The Cerbat GemOroco Resource Corp. (CVE:OCO – Get Free Report)’s share price traded down 18.9% during trading on Wednesday . The stock traded as low as C$0.35 and last traded at C$0.39. 2,495,355 shares changed hands during mid-day trading, an increase of 95% from the average session volume of 1,278,333 shares. The stock had previously closed at C$0.48.
Key Oroco Resource News
Here are the key news stories impacting Oroco Resource this week:
- Positive Sentiment: Raised capital improves the company’s liquidity and funds near‑term exploration/operational plans, reducing short‑term financing risk. Oroco Resource stock tumbles after increased bought deal offering
- Neutral Sentiment: Market indicators show elevated activity: the stock has recently traded above average volume and sits between its 50‑day (C$0.33) and 200‑day (C$0.31) moving averages—useful context for technical traders.
- Negative Sentiment: The increased bought‑deal offering is dilutive and was interpreted negatively by shareholders, driving the share price lower on the announcement as supply outpaced near‑term demand. Oroco Resource stock tumbles after increased bought deal offering
Oroco Resource Price Performance
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’s 50 day moving average price is C$0.33 and its 200-day moving average price is C$0.31. The company has a market cap of C$110.51 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.