Oroco Resource (CVE:OCO) Trading Up 49.4% – Time to Buy?

Oroco Resource Corp. (CVE:OCO)’s stock price traded up 49.4% during trading on Monday . The company traded as high as C$0.67 and last traded at C$0.65. 4,501,914 shares traded hands during trading, an increase of 118% from the average session volume of 2,066,704 shares. The stock had previously closed at C$0.44.

Oroco Resource Trading Up 49.4%

The firm has a market capitalization of C$165.13 million, a price-to-earnings ratio of -33.00 and a beta of -0.28. The company has a fifty day moving average price of C$0.34 and a 200-day moving average price of 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.