Oroco Resource (CVE:OCO) Trading 13.6% Higher – Here’s What Happened

Oroco Resource Corp. (CVE:OCO) rose 13.6% on Monday . The company traded as high as C$0.41 and last traded at C$0.38. Approximately 585,618 shares changed hands during mid-day trading, an increase of 263% from the average daily volume of 161,300 shares. The stock had previously closed at C$0.33.

Oroco Resource Trading Up 13.6%

The business has a 50-day moving average of C$0.32 and a 200-day moving average of C$0.30. The company has a quick ratio of 5.79, a current ratio of 0.78 and a debt-to-equity ratio of 0.54. The stock has a market cap of C$95.27 million, a price-to-earnings ratio of -33.00 and a beta of -0.02.

Oroco Resource Company Profile

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.