Oroco Resource (CVE:OCO) Shares Down 3.6% – Here’s Why

Oroco Resource Corp. (CVE:OCO) traded down 3.6% during trading on Thursday . The company traded as low as C$0.27 and last traded at C$0.27. 129,607 shares were traded during mid-day trading, a decline of 23% from the average session volume of 167,858 shares. The stock had previously closed at C$0.28.

Oroco Resource Stock Performance

The company 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 capitalization of C$57.17 million, a P/E ratio of -11.75 and a beta of 1.82.

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.