Oroco Resource (CVE:OCO) Shares Up 14.8% – Still a Buy?

Shares of Oroco Resource Corp. (CVE:OCO) were up 14.8% on Wednesday . The company traded as high as C$0.53 and last traded at C$0.52. Approximately 4,916,237 shares traded hands during mid-day trading, an increase of 47% from the average daily volume of 3,353,268 shares. The stock had previously closed at C$0.45.

Oroco Resource Trading Down 6.6%

The company has a market cap of C$130.78 million, a price-to-earnings 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 firm has a fifty day moving average price of C$0.35 and a 200 day moving average price of C$0.32.

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.