Oroco Resource (CVE:OCO) Trading 20.4% Higher – Here’s What Happened

Oroco Resource Corp. (CVE:OCOGet Free Report) shares traded up 20.4% during trading on Friday . The company traded as high as C$0.35 and last traded at C$0.33. 841,780 shares were traded during mid-day trading, an increase of 441% from the average session volume of 155,566 shares. The stock had previously closed at C$0.27.

Oroco Resource Price Performance

The stock has a 50-day simple moving average of C$0.34 and a 200 day simple moving average of C$0.30. The stock has a market capitalization of C$83.83 million, a P/E ratio of -33.00 and a beta of -0.02. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.79 and a current ratio of 0.78.

About Oroco Resource

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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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