Oroco Resource (CVE:OCO) Trading 4.2% Higher – Should You Buy?

Oroco Resource Corp. (CVE:OCOGet Free Report)’s share price traded up 4.2% during trading on Wednesday . The company traded as high as C$0.25 and last traded at C$0.25. 249,272 shares changed hands during trading, an increase of 16% from the average session volume of 215,299 shares. The stock had previously closed at C$0.24.

Oroco Resource Price Performance

The business has a 50-day simple moving average of C$0.30 and a two-hundred day simple moving average of C$0.32. The stock has a market cap of C$62.03 million, a price-to-earnings ratio of -12.75 and a beta of 1.82.

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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