Oroco Resource (CVE:OCO) Shares Down 21.1% – Time to Sell?

Oroco Resource Corp. (CVE:OCO) shares were down 21.1% on Wednesday . The stock traded as low as C$0.35 and last traded at C$0.38. Approximately 984,714 shares traded hands during trading, an increase of 26% from the average daily volume of 780,688 shares. The stock had previously closed at C$0.48.

Oroco Resource Trading Down 20.0%

The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 5.79. The firm has a market cap of C$96.54 million, a price-to-earnings ratio of -33.00 and a beta of -0.28. The firm’s fifty day moving average is C$0.33 and its 200-day moving average is C$0.31.

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.