Oroco Resource (CVE:OCO) Hits New 52-Week Low – What’s Next?

Oroco Resource Corp. (CVE:OCO)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as C$0.25 and last traded at C$0.26, with a volume of 185416 shares. The stock had previously closed at C$0.27.

Oroco Resource Trading Down 6.6 %

The firm’s 50 day simple moving average is C$0.30 and its two-hundred day simple moving average is C$0.33. The firm has a market cap of C$62.03 million, a price-to-earnings ratio of -12.75 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.