Oroco Resource (CVE:OCO) Shares Down 4.5% – Time to Sell?

Oroco Resource Corp. (CVE:OCO) shares traded down 4.5% on Thursday . The company traded as low as C$0.32 and last traded at C$0.32. 126,583 shares were traded during mid-day trading, an increase of 3% from the average session volume of 122,320 shares. The stock had previously closed at C$0.34.

Oroco Resource Trading Down 4.5 %

The stock has a fifty day simple moving average of C$0.30 and a two-hundred day simple moving average of C$0.33. The company has a market cap of C$77.85 million, a PE ratio of -16.00 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.