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

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

Oroco Resource Price Performance

The company has a 50 day simple moving average of C$0.30 and a 200-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.