Oroco Resource (CVE:OCO) Shares Up 16% – What’s Next?

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

Oroco Resource Price Performance

The stock has a market cap of C$105.82 million, a price-to-earnings ratio of -26.89 and a beta of 1.82. The company’s 50 day moving average is C$0.30 and its 200 day moving average is C$0.31. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 5.79.

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.