Oroco Resource (CVE:OCO) Stock Price Down 18.3% – Here’s What Happened

Oroco Resource Corp. (CVE:OCO) shares fell 18.3% during trading on Wednesday . The stock traded as low as C$0.35 and last traded at C$0.39. 2,648,355 shares traded hands during trading, an increase of 103% from the average session volume of 1,305,062 shares. The stock had previously closed at C$0.48.

Oroco Resource Stock Down 20.0%

The firm has a 50 day moving average price of C$0.33 and a 200-day moving average price of C$0.31. 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 firm has a market cap of C$96.54 million, a PE ratio of -33.00 and a beta of -0.28.

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.