Oroco Resource (CVE:OCO) Trading Up 4.2% – Here’s Why

Shares of Oroco Resource Corp. (CVE:OCO) were up 4.2% during mid-day trading on Wednesday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 249,272 shares traded hands during trading, an increase of 16% from the average daily volume of 215,299 shares. The stock had previously closed at C$0.24.

Oroco Resource Stock Performance

The stock’s 50-day moving average is C$0.30 and its 200-day moving average is C$0.32. The firm has a market capitalization of C$60.82 million, a price-to-earnings ratio of -15.46 and a beta of 1.82. The company has a current ratio of 0.78, a quick ratio of 5.79 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.