Oroco Resource (CVE:OCO) Stock Price Down 11.1% – Here’s What Happened

Oroco Resource Corp. (CVE:OCO)’s share price traded down 11.1% during trading on Thursday . The stock traded as low as C$0.24 and last traded at C$0.24. 900,340 shares traded hands during trading, an increase of 360% from the average session volume of 195,838 shares. The stock had previously closed at C$0.27.

Oroco Resource Stock Performance

The stock has a 50-day simple moving average of C$0.30 and a two-hundred day simple moving average of C$0.32. The firm has a market cap of C$57.17 million, a PE ratio of -11.75 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.