Oroco Resource (CVE:OCO) Shares Up 19.2% - Here's Why

Oroco Resource Corp. (CVE:OCO - Get Free Report)'s share price traded up 19.2% during mid-day trading on Monday . The company traded as high as C$0.34 and last traded at C$0.31. 318,090 shares changed hands during mid-day trading, an increase of 53% from the average session volume of 208,346 shares. The stock had previously closed at C$0.26.

Oroco Resource Stock Performance

The business's 50-day moving average price is C$0.29 and its 200-day moving average price is C$0.32. The company has a current ratio of 0.78, a quick ratio of 5.79 and a debt-to-equity ratio of 0.54. The stock has a market cap of C$68.11 million, a PE ratio of -17.31 and a beta of 1.82.

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.