Oroco Resource (CVE:OCO) Shares Up 6.7% – What’s Next?
by Amy Steele · The Cerbat GemOroco Resource Corp. (CVE:OCO – Get Free Report)’s share price shot up 6.7% on Tuesday . The stock traded as high as C$0.43 and last traded at C$0.40. 321,380 shares traded hands during trading, an increase of 99% from the average session volume of 161,243 shares. The stock had previously closed at C$0.38.
Oroco Resource Stock Performance
The firm has a market cap of C$109.24 million, a PE ratio of -33.00 and a beta of -0.02. The company has a 50-day simple moving average of C$0.32 and a two-hundred day simple moving average of C$0.30. The company has a quick ratio of 5.79, a current ratio of 0.78 and a debt-to-equity ratio of 0.54.
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.