Oroco Resource (CVE:OCO) Trading Up 13% – Still a Buy?

Oroco Resource Corp. (CVE:OCO)’s stock price shot up 13% during mid-day trading on Friday . The company traded as high as C$0.34 and last traded at C$0.31. 581,380 shares were traded during mid-day trading, an increase of 281% from the average session volume of 152,434 shares. The stock had previously closed at C$0.27.

Oroco Resource Stock Up 24.1%

The firm has a market capitalization of C$85.10 million, a price-to-earnings ratio of -33.00 and a beta of -0.02. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.79 and a current ratio of 0.78. The business’s 50 day moving average is C$0.34 and its 200-day moving average is C$0.30.

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.