Oroco Resource (CVE:OCO) Trading Up 9.3% – Here’s What Happened

Oroco Resource Corp. (CVE:OCO) rose 9.3% on Wednesday . The stock traded as high as C$0.42 and last traded at C$0.41. Approximately 139,427 shares changed hands during trading, a decline of 26% from the average daily volume of 187,962 shares. The stock had previously closed at C$0.38.

Oroco Resource Stock Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.79 and a current ratio of 0.78. The firm has a 50 day moving average of C$0.30 and a two-hundred day moving average of C$0.31. The stock has a market cap of C$103.39 million, a P/E ratio of -26.27 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.