Oroco Resource (CVE:OCO) Stock Price Down 22.1% – Here’s Why

Oroco Resource Corp. (CVE:OCO)’s share price was down 22.1% during mid-day trading on Thursday . The company traded as low as C$0.35 and last traded at C$0.37. Approximately 3,919,242 shares were traded during mid-day trading, an increase of 137% from the average daily volume of 1,656,284 shares. The stock had previously closed at C$0.48.

Trending Headlines about Oroco Resource

Here are the key news stories impacting Oroco Resource this week:

• Positive Sentiment: Oroco announced it has upsized the bought‑deal financing to as much as C$23 million to advance Santo Tomás — more cash for drilling and project work reduces near‑term funding risk. Upsizes Bought Deal to Up to C$23 Million
• Neutral Sentiment: Earlier bought‑deal announcements showed staged increases (initially C$15M, then C$17.25M), indicating the financing was being scaled — this signals demand from underwriters but exact pricing/structure and shareholder dilution depend on final terms. Raises Up to C$17.25 Million
• Negative Sentiment: The market reacted negatively to the upsized bought‑deal: the stock fell sharply on heavy volume as investors priced in near‑term dilution and increased share supply tied to the financing. Stock Tumbles After Increased Bought Deal

Oroco Resource Stock Down 22.1%

The company has a current ratio of 0.78, a quick ratio of 5.79 and a debt-to-equity ratio of 0.54. The firm has a market cap of C$93.99 million, a price-to-earnings ratio of -33.00 and a beta of -0.28. The firm’s 50 day simple moving average is C$0.33 and its two-hundred day simple moving average is C$0.31.

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.