Oroco Resource (CVE:OCO) Sets New 1-Year Low – Should You Sell?

Shares of Oroco Resource Corp. (CVE:OCOGet Free Report) reached a new 52-week low on Wednesday . The stock traded as low as C$0.25 and last traded at C$0.26, with a volume of 74704 shares. The stock had previously closed at C$0.26.

Oroco Resource Price Performance

The firm has a market cap of C$60.82 million, a price-to-earnings ratio of -12.50 and a beta of 1.82. The firm’s fifty day moving average is C$0.31 and its two-hundred day moving average is C$0.34.

About Oroco Resource

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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.

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