Oroco Resource (CVE:OCO) Shares Down 7.4% – Here’s Why

Oroco Resource Corp. (CVE:OCO)’s share price traded down 7.4% during mid-day trading on Thursday . The stock traded as low as C$0.24 and last traded at C$0.25. 830,929 shares traded hands during mid-day trading, an increase of 356% from the average session volume of 182,180 shares. The stock had previously closed at C$0.27.

Oroco Resource Stock Performance

The business’s 50-day simple moving average is C$0.30 and its 200-day simple moving average is C$0.32. The company has a market cap of C$57.17 million, a PE ratio of -11.75 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.