Oroco Resource (CVE:OCO) Trading Down 3.6% - Here's Why

Shares of Oroco Resource Corp. (CVE:OCO - Get Free Report) fell 3.6% during mid-day trading on Wednesday . The stock traded as low as C$0.26 and last traded at C$0.27. 88,990 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 206,421 shares. The stock had previously closed at C$0.28.

Oroco Resource Price Performance

The stock has a market cap of C$74.20 million, a price-to-earnings ratio of -18.86 and a beta of 1.82. The company has a 50-day moving average of C$0.29 and a 200-day moving average of C$0.31. 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.