Oroco Resource (CVE:OCO) Trading 11.1% Higher – Should You Buy?

Oroco Resource Corp. (CVE:OCO) rose 11.1% during trading on Friday . The company traded as high as C$0.30 and last traded at C$0.30. Approximately 248,607 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 205,539 shares. The stock had previously closed at C$0.27.

Oroco Resource Stock Performance

The stock has a market capitalization of C$74.20 million, a P/E ratio of -18.86 and a beta of 1.82. The company has a quick ratio of 5.79, a current ratio of 0.78 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average of C$0.29 and a 200 day moving average of C$0.31.

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.