Oroco Resource (CVE:OCO) Shares Up 29.6% – Should You Buy?

Oroco Resource Corp. (CVE:OCOGet Free Report)’s stock price shot up 29.6% during trading on Saturday . The stock traded as high as C$0.35 and last traded at C$0.35. 1,168,497 shares were traded during trading, an increase of 644% from the average session volume of 156,986 shares. The stock had previously closed at C$0.27.

Oroco Resource Trading Up 29.6%

The firm has a market cap of C$88.91 million, a price-to-earnings ratio of -33.00 and a beta of -0.02. The business has a fifty day moving average of C$0.34 and a two-hundred day moving average of C$0.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.79 and a current ratio of 0.78.

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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