Oroco Resource (CVE:OCO) Trading Down 21.1% – Here’s Why

Oroco Resource Corp. (CVE:OCO)’s stock price fell 21.1% during mid-day trading on Wednesday . The stock traded as low as C$0.35 and last traded at C$0.38. 3,654,477 shares changed hands during mid-day trading, an increase of 143% from the average session volume of 1,506,352 shares. The stock had previously closed at C$0.48.

Key Stories Impacting Oroco Resource

Here are the key news stories impacting Oroco Resource this week:

• Positive Sentiment: If you supply press releases announcing financing, drill results, resource upgrades, or strategic partnerships, I will flag those as potentially positive and summarize why they could lift the share price. Example: financing reduces dilution risk; positive drill results raise resource value.
• Neutral Sentiment: Please paste or link the articles (full text or URLs). If links are provided, include preferred headline text for the link format. Sample acceptable inputs: full article text, a list of URLs, or copy/pasted press releases.
• Neutral Sentiment: Optional: tell me whether you want emphasis on near-term price drivers (news, volume, catalysts) or longer-term fundamentals (resource estimates, financing, management).

Oroco Resource Trading Down 22.1%

The stock has a 50 day moving average of C$0.33 and a 200 day moving average of C$0.31. 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 market cap of C$93.99 million, a P/E ratio of -33.00 and a beta of -0.28.

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.