Oroco Resource (CVE:OCO) Shares Up 13% – Here’s What Happened

Oroco Resource Corp. (CVE:OCO)’s share price shot up 13% on Friday . The stock traded as high as C$0.31 and last traded at C$0.31. 273,407 shares were traded during mid-day trading, an increase of 30% from the average session volume of 210,243 shares. The stock had previously closed at C$0.27.

Oroco Resource Stock Up 11.1 %

The company has a quick ratio of 5.79, a current ratio of 0.78 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of C$0.29 and a 200 day simple moving average of C$0.31. The firm has a market capitalization of C$72.98 million, a P/E ratio of -18.55 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.