Shares of Oroco Resource Corp. (CVE:OCO – Get Free Report) traded down 22.1% during trading on Thursday . The company traded as low as C$0.35 and last traded at C$0.37. 3,919,242 shares were traded during trading, an increase of 137% from the average session volume of 1,656,284 shares. The stock had previously closed at C$0.48.
Trending Headlines about Oroco Resource
Here are the key news stories impacting Oroco Resource this week:
- Positive Sentiment: Raised capital improves the company’s liquidity and funds near‑term exploration/operational plans, reducing short‑term financing risk. Oroco Resource stock tumbles after increased bought deal offering
- Neutral Sentiment: Market indicators show elevated activity: the stock has recently traded above average volume and sits between its 50‑day (C$0.33) and 200‑day (C$0.31) moving averages—useful context for technical traders.
- Negative Sentiment: The increased bought‑deal offering is dilutive and was interpreted negatively by shareholders, driving the share price lower on the announcement as supply outpaced near‑term demand. Oroco Resource stock tumbles after increased bought deal offering
Oroco Resource Stock Up 19.2%
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 firm has a market capitalization of C$110.51 million, a P/E ratio of -33.00 and a beta of -0.28. The firm’s fifty day moving average price is C$0.33 and its 200-day moving average price is C$0.31.
About Oroco Resource
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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