Oroco Resource (CVE:OCO) Trading 49.4% Higher – Time to Buy?

Oroco Resource Corp. (CVE:OCOGet Free Report)’s share price was up 49.4% during mid-day trading on Monday . The stock traded as high as C$0.67 and last traded at C$0.65. Approximately 3,525,513 shares were traded during mid-day trading, an increase of 86% from the average daily volume of 1,892,310 shares. The stock had previously closed at C$0.44.

Oroco Resource Price Performance

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’s 50 day moving average is C$0.33 and its 200 day moving average is C$0.31. The firm has a market cap of C$165.13 million, a P/E ratio of -33.00 and a beta of -0.28.

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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