Oroco Resource (CVE:OCO) Trading Up 14.8% – Here’s What Happened

Shares of Oroco Resource Corp. (CVE:OCO) shot up 14.8% during mid-day trading on Wednesday . The stock traded as high as C$0.53 and last traded at C$0.52. 4,916,237 shares were traded during mid-day trading, an increase of 47% from the average session volume of 3,353,268 shares. The stock had previously closed at C$0.45.

More Oroco Resource News

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

• Positive Sentiment: Oroco closed an upsized C$23M bought‑deal public offering led by Canaccord Genuity to accelerate work on the Santo Tomás copper project — fresh funding reduces near‑term cash risk and supports project advancement. Oroco Closes Upsized C$23M Bought Deal Financing Led by Canaccord Genuity
• Neutral Sentiment: Market reaction: coverage notes a strong intraday rally and heavier trading volume after the financing announcement, signaling investor enthusiasm for the funding and project news. Oroco Resource (CVE:OCO) Shares Up 49.4% – Here’s Why
• Negative Sentiment: Financing carries dilution risk — new shares/units and any attached warrants increase share count and may create selling pressure or warrant overhang; investors should review offering terms and use of proceeds. Oroco Raises C$23 Million in Upsized Bought Deal to Advance Santo Tomás Copper Project

Oroco Resource Trading Up 12.6%

The company has a market capitalization of C$129.56 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. The business has a fifty day moving average of C$0.34 and a 200-day moving average of C$0.32.

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.