Oroco Resource Corp. (CVE:OCO – Get Free Report)’s share price shot up 20.3% on Tuesday . The company traded as high as C$0.79 and last traded at C$0.77. 2,008,355 shares were traded during mid-day trading, a decline of 20% from the average session volume of 2,506,356 shares. The stock had previously closed at C$0.64.
Oroco Resource News Summary
Here are the key news stories impacting Oroco Resource this week:
- Positive Sentiment: Oroco has been actively presenting its long‑term Santo Tomas copper story at investor conferences to reposition and raise awareness of the project ahead of Phase 2 work — increased visibility can attract new investors and speculative interest before drilling updates. Is Oroco Resource (TSXV:OCO) Using Conferences to Reposition Its Long-Term Copper Story?
- Negative Sentiment: Oroco granted 7,050,000 incentive stock options to 25 directors, officers, employees and consultants (subject to TSXV approval). While routine for junior miners, the grant increases potential share dilution if options are exercised and can weigh on the stock in the near term until market‑moving drill results or other catalysts materialize. Oroco Grants 7.05 Million Stock Options Ahead of Santo Tomas Phase 2 Drilling Oroco Issues Incentive Options
Oroco Resource Stock Down 2.4%
The company has a market cap of C$263.02 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 stock’s fifty day moving average is C$0.41 and its two-hundred day moving average is C$0.34.
About Oroco Resource
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.
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