Oroco Resource (CVE:OCO) Shares Up 51.7% – Here’s Why

Oroco Resource Corp. (CVE:OCO) shares shot up 51.7% during mid-day trading on Monday . The company traded as high as C$0.67 and last traded at C$0.66. 5,114,051 shares changed hands during mid-day trading, an increase of 137% from the average session volume of 2,155,323 shares. The stock had previously closed at C$0.44.

More Oroco Resource News

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

• Positive Sentiment: Raises cash to advance exploration/development — a bought‑deal indicates committed financing that can fund drilling, permitting or technical work and reduce short‑term funding risk. Oroco Resource Corp.: Oroco Files Prospectus Supplement in Connection with Bought Deal Public Offering
• Neutral Sentiment: Prospectus supplement formalizes the offering mechanics (timing, number of securities, agents) but details that determine market impact (pricing, use of proceeds breakdown) may be in the supplement and final prospectus. Watch for the offering size and buyer commitments when released. Oroco Resource Corp.: Oroco Files Prospectus Supplement in Connection with Bought Deal Public Offering
• Negative Sentiment: Potential dilution and near‑term selling pressure — a public offering increases share count and may weigh on the stock once new shares are issued or if underwriters hedge. Investors should gauge dilution extent once final terms are disclosed. Oroco Resource Corp.: Oroco Files Prospectus Supplement in Connection with Bought Deal Public Offering

Oroco Resource Price Performance

The company has a market cap of C$165.13 million, a PE ratio of -33.00 and a beta of -0.28. The firm has a 50 day moving average of C$0.34 and a two-hundred day moving average 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.