Oroco Resource (CVE:OCO) Shares Up 13.6% – Should You Buy?

Oroco Resource Corp. (CVE:OCO)’s stock price rose 13.6% during mid-day trading on Monday . The stock traded as high as C$0.41 and last traded at C$0.38. Approximately 585,618 shares traded hands during mid-day trading, an increase of 263% from the average daily volume of 161,300 shares. The stock had previously closed at C$0.33.

Oroco Resource Stock Performance

The business has a 50-day moving average of C$0.32 and a 200 day moving average of C$0.31. The stock has a market cap of C$106.70 million, a PE 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

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.