Oroco Resource (CVE:OCO) Stock Price Down 2.8% – Here’s What Happened

Oroco Resource Corp. (CVE:OCO) shares traded down 2.8% on Wednesday . The company traded as low as C$0.35 and last traded at C$0.35. 24,424 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 176,688 shares. The stock had previously closed at C$0.36.

Oroco Resource Trading Down 8.3%

The stock has a market capitalization of C$80.28 million, a P/E ratio of -20.40 and a beta of 1.82. The company has a current ratio of 0.78, a quick ratio of 5.79 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average price is C$0.37 and its two-hundred day moving average price is C$0.32.

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.