Oroco Resource Corp. (CVE:OCO – Get Free Report) shares dropped 2.1% during mid-day trading on Thursday . The stock traded as low as C$0.46 and last traded at C$0.46. 161,347 shares changed hands during trading, a decline of 75% from the average session volume of 641,919 shares. The stock had previously closed at C$0.47.
Oroco Resource Price Performance
The business’s 50 day moving average is C$0.39 and its 200-day moving average is C$0.44. The company has a quick ratio of 5.79, a current ratio of 5.71 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of C$149.94 million, a P/E ratio of -23.00 and a beta of 0.12.
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.
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