Oroco Resource (CVE:OCO) Trading 20.4% Higher – Should You Buy?

Oroco Resource Corp. (CVE:OCO)’s share price traded up 20.4% during mid-day trading on Friday . The company traded as high as C$0.35 and last traded at C$0.33. 859,780 shares traded hands during mid-day trading, an increase of 452% from the average session volume of 155,673 shares. The stock had previously closed at C$0.27.

Oroco Resource Trading Up 27.8%

The stock’s 50 day moving average is C$0.34 and its 200-day moving average is C$0.30. The company has a market cap of C$87.64 million, a P/E ratio of -33.00 and a beta of -0.02. The company has a current ratio of 0.78, a quick ratio of 5.79 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.