Oroco Resource (CVE:OCO) Shares Up 47.1% – Here’s Why

Oroco Resource Corp. (CVE:OCO) shares traded up 47.1% during mid-day trading on Monday . The stock traded as high as C$0.67 and last traded at C$0.64. 4,074,314 shares traded hands during trading, an increase of 102% from the average session volume of 2,021,658 shares. The stock had previously closed at C$0.44.

Oroco Resource Stock Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 5.79. The firm has a fifty day simple moving average of C$0.33 and a 200 day simple moving average of C$0.31. The company has a market cap of C$165.13 million, a price-to-earnings ratio of -33.00 and a beta of -0.28.

About Oroco Resource

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.