Oroco Resource (CVE:OCO) Shares Down 3.6% – Should You Sell?

Oroco Resource Corp. (CVE:OCO)’s share price dropped 3.6% during trading on Wednesday . The company traded as low as C$0.26 and last traded at C$0.27. Approximately 88,990 shares changed hands during trading, a decline of 57% from the average daily volume of 206,421 shares. The stock had previously closed at C$0.28.

Oroco Resource Trading Down 7.4 %

The stock has a 50-day moving average of C$0.29 and a 200 day moving average of C$0.31. The company has a quick ratio of 5.79, a current ratio of 0.78 and a debt-to-equity ratio of 0.54. The stock has a market cap of C$60.82 million, a PE ratio of -15.46 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.