Oroco Resource (CVE:OCO) Shares Up 20.3% – What’s Next?

Oroco Resource Corp. (CVE:OCO) was up 20.3% during mid-day trading on Tuesday . The company traded as high as C$0.79 and last traded at C$0.77. Approximately 2,008,355 shares were traded during trading, a decline of 20% from the average daily volume of 2,506,356 shares. The stock had previously closed at C$0.64.

Oroco Resource Price Performance

The firm has a market cap of C$237.05 million, a PE ratio of -33.00 and a beta of -0.28. The stock has a 50 day simple moving average of C$0.38 and a two-hundred day simple moving average of C$0.33. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.79 and a current ratio of 0.78.

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.