Oroco Resource (CVE:OCO) Trading Down 3.6% – Here’s Why

Oroco Resource Corp. (CVE:OCO)’s share price fell 3.6% during trading on Wednesday . The stock traded as low as C$0.26 and last traded at C$0.27. 88,990 shares were traded during mid-day trading, a decline of 57% from the average session volume of 206,421 shares. The stock had previously closed at C$0.28.

Oroco Resource Stock Down 7.4 %

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 simple moving average is C$0.29 and its two-hundred day simple moving average is C$0.31. The company has a market capitalization of C$60.82 million, a price-to-earnings ratio of -15.46 and a beta of 1.82.

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.