Oroco Resource (CVE:OCO) Trading 16% Higher – What’s Next?

Oroco Resource Corp. (CVE:OCO)’s stock price traded up 16% during mid-day trading on Wednesday . The stock traded as high as C$0.45 and last traded at C$0.44. 248,325 shares changed hands during trading, an increase of 31% from the average session volume of 189,265 shares. The stock had previously closed at C$0.38.

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 fifty day moving average of C$0.30 and a 200-day moving average of C$0.31. The firm has a market cap of C$109.47 million, a P/E ratio of -27.82 and a beta of 1.82.

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.