Oroco Resource Corp. (CVE:OCO – Get Free Report) fell 7.4% during mid-day trading on Thursday . The company traded as low as C$0.24 and last traded at C$0.25. 830,929 shares were traded during trading, an increase of 356% from the average session volume of 182,180 shares. The stock had previously closed at C$0.27.
Oroco Resource Trading Down 11.1 %
The business’s 50 day moving average price is C$0.30 and its 200-day moving average price is C$0.32. The company has a market cap of C$58.38 million, a price-to-earnings ratio of -12.00 and a beta of 1.82.
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.
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