Oroco Resource (CVE:OCO) Shares Down 6.8% – Time to Sell?

Oroco Resource Corp. (CVE:OCO)’s stock price fell 6.8% during mid-day trading on Friday . The stock traded as low as C$0.28 and last traded at C$0.28. 255,265 shares changed hands during trading, an increase of 68% from the average session volume of 151,598 shares. The stock had previously closed at C$0.30.

Oroco Resource Price Performance

The company has a quick ratio of 5.79, a current ratio of 0.78 and a debt-to-equity ratio of 0.54. The stock’s 50-day moving average price is C$0.34 and its 200 day moving average price is C$0.31. The firm has a market cap of C$69.86 million, a price-to-earnings ratio of -33.00 and a beta of 0.27.

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.