Oroco Resource (CVE:OCO) Trading Down 8.3% – Should You Sell?

Oroco Resource Corp. (CVE:OCO) shares fell 8.3% during mid-day trading on Friday . The stock traded as low as C$0.38 and last traded at C$0.39. 29,053 shares traded hands during trading, a decline of 85% from the average session volume of 199,270 shares. The stock had previously closed at C$0.42.

Oroco Resource Price Performance

The company has a market cap of C$93.66 million, a P/E ratio of -23.80 and a beta of 1.82. 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 stock has a 50-day simple moving average of C$0.34 and a 200 day simple moving average of C$0.32.

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.