Oroco Resource (CVE:OCO) Trading Down 1.8% – Time to Sell?

Oroco Resource Corp. (CVE:OCO) dropped 1.8% during trading on Friday . The stock traded as low as C$0.26 and last traded at C$0.28. Approximately 123,071 shares traded hands 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 Stock Performance

The stock has a market cap of C$66.90 million, a price-to-earnings ratio of -13.75 and a beta of 1.82. The business has a 50-day simple moving average of C$0.32 and a two-hundred day simple moving average of C$0.35.

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.