Oroco Resource (CVE:OCO) Trading 29.6% Higher – Here’s What Happened

Oroco Resource Corp. (CVE:OCO) shares rose 29.6% on Friday . The stock traded as high as C$0.35 and last traded at C$0.35. Approximately 1,168,497 shares changed hands during trading, an increase of 644% from the average daily volume of 156,986 shares. The stock had previously closed at C$0.27.

Oroco Resource Trading Up 29.6%

The company has a market cap of C$88.91 million, a P/E ratio of -33.00 and a beta of -0.02. The stock’s 50-day moving average is C$0.34 and its two-hundred day moving average is C$0.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 5.79.

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.