Oroco Resource (CVE:OCO) Stock Price Up 11.8% – Still a Buy?

Oroco Resource Corp. (CVE:OCO)’s share price rose 11.8% on Tuesday . The company traded as high as C$0.58 and last traded at C$0.57. Approximately 337,984 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,715,979 shares. The stock had previously closed at C$0.51.

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 stock has a 50-day moving average price of C$0.52 and a 200 day moving average price of C$0.38. The stock has a market capitalization of C$178.60 million, a price-to-earnings ratio of -55.00 and a beta of 0.41.

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.