Oroco Resource (CVE:OCO) Trading Down 7.8% – Should You Sell?

Oroco Resource Corp. (CVE:OCO)’s share price was down 7.8% during trading on Monday . The stock traded as low as C$0.53 and last traded at C$0.54. Approximately 418,653 shares changed hands during trading, a decline of 76% from the average daily volume of 1,740,889 shares. The stock had previously closed at C$0.58.

Oroco Resource Price Performance

The company has a market cap of C$165.61 million, a price-to-earnings ratio of -51.00 and a beta of 0.41. The company’s 50-day simple moving average is C$0.52 and its 200-day simple moving average is C$0.38. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 5.79.

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.