Oroco Resource (CVE:OCO) Stock Price Down 3.2% – Here’s What Happened

Shares of Oroco Resource Corp. (CVE:OCO) fell 3.2% during trading on Tuesday . The stock traded as low as C$0.44 and last traded at C$0.45. 583,256 shares changed hands during trading, a decline of 57% from the average session volume of 1,365,641 shares. The stock had previously closed at C$0.47.

Oroco Resource Stock Performance

The company’s 50-day simple moving average is C$0.57 and its 200-day simple moving average is C$0.41. The stock has a market cap of C$146.12 million, a price-to-earnings ratio of -45.00 and a beta of -0.52. The company has a quick ratio of 5.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.41.

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.