Oroco Resource (CVE:OCO) Trading Up 17.1% – Here’s What Happened

Oroco Resource Corp. (CVE:OCOGet Free Report)’s share price was up 17.1% during mid-day trading on Thursday . The stock traded as high as C$0.41 and last traded at C$0.41. Approximately 248,176 shares traded hands during trading, a decline of 70% from the average daily volume of 836,781 shares. The stock had previously closed at C$0.35.

Oroco Resource Trading Up 17.1%

The firm has a market capitalization of C$133.64 million, a price-to-earnings ratio of -20.50 and a beta of 0.03. The company has a current ratio of 5.71, a quick ratio of 5.79 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of C$0.41 and a 200-day moving average price of C$0.45.

About Oroco Resource

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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.

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