Oroco Resource Corp. (CVE:OCO – Get Free Report)’s share price shot up 25.5% during mid-day trading on Monday . The company traded as high as C$0.66 and last traded at C$0.64. 2,512,028 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 2,428,600 shares. The stock had previously closed at C$0.51.
Oroco Resource Price Performance
The stock has a market cap of C$207.82 million, a P/E ratio of -33.00 and a beta of -0.28. The company has a quick ratio of 5.79, a current ratio of 0.78 and a debt-to-equity ratio of 0.54. The business’s 50-day simple moving average is C$0.37 and its two-hundred day simple moving average is C$0.33.
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.
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