Oroco Resource (CVE:OCO) Shares Down 7.8% – Here’s Why

Oroco Resource Corp. (CVE:OCO)’s stock price traded down 7.8% on Thursday . The stock traded as low as C$0.58 and last traded at C$0.59. 219,241 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 1,972,097 shares. The stock had previously closed at C$0.64.

Oroco Resource Trading Up 1.8%

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’s 50-day moving average is C$0.49 and its 200 day moving average is C$0.37. The firm has a market capitalization of C$181.84 million, a price-to-earnings ratio of -56.00 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.