Oroco Resource (CVE:OCO) Trading 14.1% Higher – Time to Buy?

Shares of Oroco Resource Corp. (CVE:OCO) rose 14.1% during mid-day trading on Wednesday . The company traded as high as C$0.79 and last traded at C$0.73. Approximately 2,356,024 shares traded hands 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 Down 16.0%

The firm has a fifty day simple moving average of C$0.41 and a 200-day simple moving average of C$0.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.79 and a current ratio of 0.78. The firm has a market cap of C$220.81 million, a price-to-earnings ratio of -33.00 and a beta of -0.28.

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.