Oroco Resource (CVE:OCO) Stock Price Up 49.4% – Still a Buy?

Oroco Resource Corp. (CVE:OCO) shares traded up 49.4% during mid-day trading on Tuesday . The company traded as high as C$0.67 and last traded at C$0.65. 5,273,751 shares changed hands during mid-day trading, an increase of 139% from the average session volume of 2,203,566 shares. The stock had previously closed at C$0.44.

Key Stories Impacting Oroco Resource

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

• Positive Sentiment: Closed C$23M upsized bought‑deal led by Canaccord Genuity — provides immediate funding to advance Santo Tomás (exploration/engineering/permitting and near‑term project work), reducing near‑term cash risk and supporting development catalysts. Oroco Closes Upsized C$23M Bought Deal Financing Led by Canaccord Genuity
• Neutral Sentiment: Upsize and bought‑deal structure signal strong institutional demand and underwriter support (Canaccord Genuity). That can shorten time to execute near‑term work but also ties progress to project delivery and copper market conditions. Oroco Raises C$23 Million in Upsized Bought Deal
• Negative Sentiment: Financing likely involved issuance of new equity (standard for bought deals), which increases share count and can exert downward pressure on the stock; longer‑term returns still depend on Santo Tomás development, permitting and copper prices. Oroco Closes Upsized C$23M Bought Deal Financing

Oroco Resource Price Performance

The company has a current ratio of 0.78, a quick ratio of 5.79 and a debt-to-equity ratio of 0.54. The company has a market cap of C$137.18 million, a PE ratio of -33.00 and a beta of -0.28. The firm has a 50 day moving average of C$0.34 and a two-hundred 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.