Shares of Oroco Resource Corp. (CVE:OCO – Get Free Report) fell 30.3% during mid-day trading on Tuesday . The company traded as low as C$0.45 and last traded at C$0.45. 10,076,492 shares traded hands during mid-day trading, an increase of 218% from the average session volume of 3,168,994 shares. The stock had previously closed at C$0.65.
Key Oroco Resource News
Here are the key news stories impacting Oroco Resource this week:
- Positive Sentiment: The article highlights a strong short-term rally in OCO shares, which can attract momentum traders and lift the stock while the story is in the market. Article Title
- Neutral Sentiment: Trading volume surged to ~10.08M vs. an average of ~3.17M, indicating heightened attention and volatility; technicals show the stock trading near its 50‑day (C$0.34) and 200‑day (C$0.32) moving averages and inside a one‑year range of C$0.23–C$0.67.
- Negative Sentiment: Despite the prior jump, the stock has decreased today amid very heavy turnover — this pattern suggests profit‑taking, short‑term reversal risk, and limited underlying fundamental change. Fundamentals remain thin: small market cap (~C$115M), negative earnings (reported P/E -33), a current ratio below 1 (0.78) and some leverage (debt/equity ~0.54), which increase downside risk if momentum fades.
Oroco Resource Stock Performance
The firm has a market capitalization of C$115.08 million, a price-to-earnings ratio of -33.00 and a beta of -0.28. The firm’s 50-day moving average price is C$0.34 and its two-hundred day moving average price is C$0.32. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.79 and a current ratio of 0.78.
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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