Oroco Resource (CVE:OCO) Stock Price Up 15.1% – Still a Buy?

Shares of Oroco Resource Corp. (CVE:OCO) were up 15.1% on Wednesday . The company traded as high as C$0.92 and last traded at C$0.84. Approximately 1,744,025 shares traded hands during trading, a decline of 29% from the average daily volume of 2,458,801 shares. The stock had previously closed at C$0.73.

Oroco Resource Trading Down 12.3%

The company has a market capitalization of C$230.55 million, a P/E ratio of -33.00 and a beta of -0.28. The business has a 50 day moving average price of C$0.41 and a 200 day moving average price of C$0.34. The company has a current ratio of 0.78, a quick ratio of 5.79 and a debt-to-equity ratio of 0.54.

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.