Oroco Resource Corp. (CVE:OCO – Get Free Report) dropped 14.8% during mid-day trading on Thursday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 973,540 shares traded hands during trading, an increase of 390% from the average daily volume of 198,846 shares. The stock had previously closed at C$0.27.
Oroco Resource Stock Performance
The company has a 50-day moving average of C$0.30 and a 200-day moving average of C$0.32. The stock has a market cap of C$57.17 million, a price-to-earnings 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.
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