Oroco Resource (CVE:OCO) Shares Down 1.8% – What’s Next?

Oroco Resource Corp. (CVE:OCO) shares were down 1.8% during mid-day trading on Friday . The company traded as low as C$0.26 and last traded at C$0.28. Approximately 123,071 shares were traded during mid-day trading, an increase of 28% from the average daily volume of 96,387 shares. The stock had previously closed at C$0.28.

Oroco Resource Trading Down 1.8 %

The company has a market capitalization of C$66.90 million, a P/E ratio of -13.75 and a beta of 1.82. The company has a 50 day moving average price of C$0.32 and a 200 day moving average price of C$0.35.

About Oroco Resource

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.