Oroco Resource (CVE:OCO) Shares Down 30.3% – Here’s What Happened

Oroco Resource Corp. (CVE:OCO) was down 30.3% during trading on Wednesday . The company traded as low as C$0.45 and last traded at C$0.45. Approximately 10,076,492 shares traded hands during trading, an increase of 218% from the average daily volume of 3,168,994 shares. The stock had previously closed at C$0.65.

Oroco Resource Price Performance

The firm has a 50 day moving average price of C$0.35 and a two-hundred day moving average price of C$0.32. The company has a market cap of C$134.64 million, a P/E ratio of -33.00 and a beta of -0.28. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.79 and a current ratio of 0.78.

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.