Oroco Resource (CVE:OCO) Stock Price Up 20.4% – Here’s Why

Oroco Resource Corp. (CVE:OCO) shares rose 20.4% on Friday . The stock traded as high as C$0.35 and last traded at C$0.33. Approximately 805,780 shares changed hands during mid-day trading, an increase of 419% from the average daily volume of 155,175 shares. The stock had previously closed at C$0.27.

Oroco Resource Trading Up 20.4%

The company’s 50-day simple moving average is C$0.34 and its 200 day simple moving average is C$0.30. The firm has a market capitalization of C$82.56 million, a PE ratio of -33.00 and a beta of -0.02. The company has a quick ratio of 5.79, a current ratio of 0.78 and a debt-to-equity ratio of 0.54.

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.