Oroco Resource Corp. (CVE:OCO – Get Free Report) shares shot up 29.6% during mid-day trading on Friday . The company 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 Stock Up 29.6%
The firm’s fifty day simple moving average is C$0.34 and its 200-day simple moving average is C$0.30. The company has a market cap of C$88.91 million, a PE ratio of -33.00 and a beta of -0.02. The company has a quick ratio of 5.79, a current ratio of 0.78 and a debt-to-equity ratio of 0.54.
About Oroco Resource
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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