Oroco Resource (CVE:OCO) Trading Up 29.6% – Here’s Why

Shares of Oroco Resource Corp. (CVE:OCOGet Free Report) shot up 29.6% during trading on Friday . The stock traded as high as C$0.35 and last traded at C$0.35. 1,168,497 shares traded hands during trading, an increase of 645% from the average session volume of 156,918 shares. The stock had previously closed at C$0.27.

Oroco Resource Stock Performance

The firm’s fifty day moving average is C$0.34 and its 200 day moving average is C$0.30. The firm has a market capitalization of C$88.91 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 current ratio of 0.78 and a quick ratio of 5.79.

About Oroco Resource

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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.

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