Oroco Resource (CVE:OCO) Shares Up 11% – Should You Buy?

Oroco Resource Corp. (CVE:OCO) shares rose 11% during mid-day trading on Wednesday . The stock traded as high as C$0.92 and last traded at C$0.81. Approximately 1,704,025 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 2,457,535 shares. The stock had previously closed at C$0.73.

Oroco Resource Trading Down 12.3%

The company has a market capitalization of C$230.55 million, a PE ratio of -33.00 and a beta of -0.28. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.79 and a current ratio of 0.78. The business has a fifty day moving average price of C$0.41 and a 200 day moving average price of C$0.34.

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.