Oroco Resource (CVE:OCO) Stock Price Up 11.1% - Still a Buy?

Oroco Resource Corp. (CVE:OCO - Get Free Report)'s stock price was up 11.1% during mid-day trading on Friday . The stock traded as high as C$0.30 and last traded at C$0.30. Approximately 248,607 shares traded hands during trading, an increase of 21% from the average daily volume of 205,539 shares. The stock had previously closed at C$0.27.

Oroco Resource Trading Up 8.2 %

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