Oroco Resource (CVE:OCO) Trading 11.1% Higher – Time to Buy?

Oroco Resource Corp. (CVE:OCO) shares traded up 11.1% during trading on Friday . The company traded as high as C$0.31 and last traded at C$0.30. 288,407 shares changed hands during trading, an increase of 37% from the average session volume of 210,656 shares. The stock had previously closed at C$0.27.

Oroco Resource Price Performance

The stock has a market capitalization of C$72.98 million, a price-to-earnings ratio of -18.55 and a beta of 1.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 5.79. The company has a 50-day simple moving average of C$0.29 and a two-hundred day simple moving average of C$0.31.

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.