Oroco Resource (CVE:OCO) Shares Up 7.4% – Here’s What Happened

Oroco Resource Corp. (CVE:OCO) shares shot up 7.4% during mid-day trading on Friday . The stock traded as high as C$0.29 and last traded at C$0.29. 31,650 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 97,567 shares. The stock had previously closed at C$0.27.

Oroco Resource Stock Up 9.3 %

The company has a 50 day simple moving average of C$0.33 and a 200-day simple moving average of C$0.37. The stock has a market capitalization of C$71.76 million, a price-to-earnings ratio of -13.50 and a beta of 1.82.

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.