Oroco Resource (CVE:OCO) Stock Price Up 49.4% – Here’s Why

Oroco Resource Corp. (CVE:OCO) shot up 49.4% on Tuesday . The company traded as high as C$0.67 and last traded at C$0.65. 5,273,751 shares traded hands during mid-day trading, an increase of 139% from the average session volume of 2,203,566 shares. The stock had previously closed at C$0.44.

Oroco Resource News Roundup

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

• Positive Sentiment: The financing provides near‑term project funding and corporate cash to accelerate work at the Santo Tomás copper project, reducing short‑term execution risk for development and exploration plans. Oroco Closes Upsized C$23M Bought Deal Financing Led by Canaccord Genuity
• Positive Sentiment: The deal was upsized and led by a well‑known underwriter (Canaccord Genuity), which signals solid investor demand and adds credibility to the company’s near‑term financing capability. Yahoo Finance Coverage
• Neutral Sentiment: Details on the exact security mix and use of proceeds were provided in the company release—investors should review the official filings for warrant terms, placement mechanics and precise allocation to Santo Tomás work programs. TipRanks Coverage
• Negative Sentiment: Bought‑deal financings typically involve issuing new securities, which can dilute existing shareholders and create short‑term selling pressure as new shares are placed or converted—monitor share issuance details and dilution metrics in the filings. Yahoo Finance Coverage

Oroco Resource Trading Down 1.9%

The business’s 50-day moving average price is C$0.34 and its 200-day moving average price is C$0.32. The firm has a market capitalization of C$134.64 million, a PE ratio of -33.00 and a beta of -0.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 5.79.

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.