Oroco Resource (CVE:OCO) Shares Down 5.1% – What’s Next?

Oroco Resource Corp. (CVE:OCO)’s stock price dropped 5.1% during trading on Friday . The stock traded as low as C$0.28 and last traded at C$0.28. Approximately 79,265 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 151,143 shares. The stock had previously closed at C$0.30.

Oroco Resource Stock Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.79 and a current ratio of 0.78. The company has a market cap of C$69.86 million, a P/E ratio of -33.00 and a beta of 0.27. The stock’s fifty day moving average price is C$0.34 and its two-hundred day moving average price is C$0.30.

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.