Oroco Resource (CVE:OCO) Trading 14.1% Higher – What’s Next?

Shares of Oroco Resource Corp. (CVE:OCO) rose 14.1% during trading on Tuesday . The company traded as high as C$0.79 and last traded at C$0.73. Approximately 2,356,024 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 2,553,166 shares. The stock had previously closed at C$0.64.

Oroco Resource Stock Up 14.1%

The stock has a market capitalization of C$237.05 million, a price-to-earnings ratio of -33.00 and a beta of -0.28. The firm has a 50-day moving average of C$0.38 and a 200 day moving average of C$0.33. The company has a current ratio of 0.78, a quick ratio of 5.79 and a debt-to-equity ratio of 0.54.

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.