Oroco Resource (CVE:OCO) Stock Price Up 14.1% – Time to Buy?

Oroco Resource Corp. (CVE:OCOGet Free Report) shot up 14.1% during trading on Wednesday . The stock traded as high as C$0.79 and last traded at C$0.73. 2,356,024 shares changed hands during trading, a decline of 8% from the average session volume of 2,553,166 shares. The stock had previously closed at C$0.64.

Oroco Resource Stock Down 13.6%

The stock has a 50 day moving average price of C$0.41 and a 200 day moving average price of C$0.34. The stock has a market capitalization of C$227.30 million, a price-to-earnings ratio of -33.00 and a beta of -0.28. The company has a quick ratio of 5.79, a current ratio of 0.78 and a debt-to-equity ratio of 0.54.

Oroco Resource Company Profile

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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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