Oroco Resource (CVE:OCO) Trading Down 22.1% – Here’s Why

Oroco Resource Corp. (CVE:OCO) shares were down 22.1% on Wednesday . The stock traded as low as C$0.35 and last traded at C$0.37. Approximately 3,919,242 shares were traded during mid-day trading, an increase of 137% from the average daily volume of 1,656,284 shares. The stock had previously closed at C$0.48.

Trending Headlines about Oroco Resource

Here are the key news stories impacting Oroco Resource this week:

• Positive Sentiment: Upsize signals strong demand and funds project advancement — Oroco increased its bought‑deal financing up to C$23 million, which should provide meaningful funding for Santo Tomás work and reduce near‑term financing risk. Oroco Upsizes Bought Deal to Up to C$23 Million for Santo Tomás Copper Work
• Neutral Sentiment: Initial bought deal and lead manager named — the financing was launched as a C$15M bought deal led by Canaccord Genuity and was noted as up to C$17.25M in an earlier release; the sequence shows active syndication but details (pricing, unit composition) determine final dilution and cash available. Oroco Raises Up to C$17.25 Million in Bought Deal to Advance Santo Tomás Copper Project
• Negative Sentiment: Share dilution and near‑term selling pressure — bought‑deal equity financings typically issue new shares or units, which dilutes existing holders and can create downward pressure on the share price as the market absorbs the placement. The stock’s intraday decline and elevated volume are consistent with investor reaction to issuance news. Oroco Upsizes Bought Deal to Up to C$23 Million for Santo Tomás Copper Work

Oroco Resource Price Performance

The stock’s 50-day moving average is C$0.33 and its 200-day moving average is C$0.31. The firm has a market cap of C$93.99 million, a P/E ratio of -33.00 and a beta of -0.28. The company has a quick ratio of 5.79, a current ratio of 0.78 and a debt-to-equity ratio of 0.54.

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.