Oroco Resource (CVE:OCO) Stock Price Up 19.2% – Still a Buy?

Oroco Resource Corp. (CVE:OCO)’s share price rose 19.2% during trading on Monday . The stock traded as high as C$0.34 and last traded at C$0.31. Approximately 318,090 shares changed hands during trading, an increase of 53% from the average daily volume of 208,346 shares. The stock had previously closed at C$0.26.

Oroco Resource Stock Performance

The company has a market capitalization of C$68.11 million, a P/E ratio of -17.31 and a beta of 1.82. The company’s 50 day moving average is C$0.29 and its 200-day moving average is C$0.32. The company has a current ratio of 0.78, a quick ratio of 5.79 and a debt-to-equity ratio of 0.54.

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.