Oroco Resource (CVE:OCO) Trading 3% Higher – Still a Buy?
by Jessica Moore · The Cerbat GemOroco Resource Corp. (CVE:OCO – Get Free Report) shares rose 3% on Wednesday . The company traded as high as C$0.35 and last traded at C$0.35. Approximately 5,000 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 97,933 shares. The stock had previously closed at C$0.34.
Oroco Resource Stock Performance
The company’s fifty day simple moving average is C$0.35 and its two-hundred day simple moving average is C$0.42. The stock has a market capitalization of C$83.93 million, a P/E ratio of -17.25 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.
Further Reading
- Five stocks we like better than Oroco Resource
- Stock Market Upgrades: What Are They?
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- Investing In Preferred Stock vs. Common Stock
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?