Oroco Resource (CVE:OCO) Trading 10.7% Higher – Still a Buy?

Oroco Resource Corp. (CVE:OCO) traded up 10.7% during trading on Wednesday . The company traded as high as C$0.42 and last traded at C$0.42. 120,727 shares changed hands during trading, a decline of 35% from the average session volume of 186,195 shares. The stock had previously closed at C$0.38.

Oroco Resource Price Performance

The stock has a market capitalization of C$103.39 million, a PE ratio of -26.27 and a beta of 1.82. The firm’s 50 day simple moving average is C$0.30 and its 200 day simple moving average is C$0.31. 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.