Oroco Resource (CVE:OCO) Shares Down 14.8% – Here’s Why

Oroco Resource Corp. (CVE:OCO)’s stock price traded down 14.8% on Thursday . The stock traded as low as C$0.23 and last traded at C$0.23. 973,540 shares were traded during mid-day trading, an increase of 390% from the average session volume of 198,846 shares. The stock had previously closed at C$0.27.

Oroco Resource Stock Performance

The firm’s 50 day moving average price is C$0.30 and its two-hundred day moving average price is 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.