Oroco Resource (CVE:OCO) Shares Up 10.7% – Time to Buy?

Oroco Resource Corp. (CVE:OCO)’s share price traded up 10.7% during trading on Wednesday . The stock traded as high as C$0.42 and last traded at C$0.42. 120,727 shares were traded during trading, a decline of 35% from the average session volume of 186,195 shares. The stock had previously closed at C$0.38.

Oroco Resource Stock 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$99.74 million, a price-to-earnings ratio of -25.35 and a beta of 1.82. The stock has a 50 day moving average price of C$0.30 and a two-hundred day moving average price of C$0.31.

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.