Oroco Resource (CVE:OCO) Trading Up 42.5% – Time to Buy?
by Danessa Lincoln · The Markets DailyOroco Resource Corp. (CVE:OCO – Get Free Report)’s stock price shot up 42.5% on Monday . The stock traded as high as C$0.67 and last traded at C$0.62. 4,059,814 shares changed hands during mid-day trading, an increase of 101% from the average session volume of 2,021,658 shares. The stock had previously closed at C$0.44.
Oroco Resource Trading Up 49.4%
The business’s 50 day moving average price is C$0.33 and its two-hundred day moving average price is C$0.31. The company has a market capitalization of C$165.13 million, a price-to-earnings ratio of -33.00 and a beta of -0.28. The company has a current ratio of 0.78, a quick ratio of 5.79 and a debt-to-equity ratio of 0.54.
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.