Oroco Resource (CVE:OCO) Stock Price Up 29.6% – Here’s What Happened

Oroco Resource Corp. (CVE:OCO)’s stock price was up 29.6% on Friday . The stock traded as high as C$0.35 and last traded at C$0.35. Approximately 1,168,497 shares traded hands during mid-day trading, an increase of 644% from the average daily volume of 156,986 shares. The stock had previously closed at C$0.27.

Oroco Resource Stock Up 29.6%

The stock has a market capitalization of C$88.91 million, a price-to-earnings ratio of -33.00 and a beta of -0.02. 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 business’s 50-day moving average is C$0.34 and its two-hundred day moving average is C$0.30.

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.