Oroco Resource (CVE:OCO) Stock Price Up 47.1% – Still a Buy?
by Michael Walen · The Markets DailyOroco Resource Corp. (CVE:OCO – Get Free Report) shares were up 47.1% during trading on Monday . The company traded as high as C$0.67 and last traded at C$0.64. Approximately 4,074,314 shares traded hands during mid-day trading, an increase of 102% from the average daily volume of 2,021,658 shares. The stock had previously closed at C$0.44.
Oroco Resource Price Performance
The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 5.79. 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 has a fifty day simple moving average of C$0.33 and a 200-day simple moving average of C$0.31.
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.