Oroco Resource (CVE:OCO) Shares Up 13% – Should You Buy?

Oroco Resource Corp. (CVE:OCO) traded up 13% during trading on Friday . The company traded as high as C$0.31 and last traded at C$0.31. 273,407 shares changed hands during trading, an increase of 30% from the average session volume of 210,243 shares. The stock had previously closed at C$0.27.

Oroco Resource Price 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$72.98 million, a P/E ratio of -18.55 and a beta of 1.82. The firm’s fifty day moving average is C$0.29 and its two-hundred day moving average is C$0.31.

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.