Oroco Resource (CVE:OCO) Shares Up 11.1% - Time to Buy?

Oroco Resource Corp. (CVE:OCO - Get Free Report)'s stock price shot up 11.1% during trading on Friday . The stock traded as high as C$0.31 and last traded at C$0.30. 288,407 shares traded hands during mid-day trading, an increase of 37% from the average session volume of 210,656 shares. The stock had previously closed at C$0.27.

Oroco Resource Trading Up 8.2 %

The stock has a market capitalization of C$80.28 million, a P/E ratio of -20.40 and a beta of 1.82. The stock's 50 day moving average price is C$0.29 and its 200-day moving average price is C$0.31. The company has a quick ratio of 5.79, a current ratio of 0.78 and a debt-to-equity ratio of 0.54.

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.