Oroco Resource (CVE:OCO) Sets New 12-Month Low – What’s Next?

Oroco Resource Corp. (CVE:OCO) reached a new 52-week low during trading on Friday . The stock traded as low as C$0.32 and last traded at C$0.33, with a volume of 101082 shares changing hands. The stock had previously closed at C$0.33.

Oroco Resource Stock Performance

The company has a market cap of C$79.06 million, a price-to-earnings ratio of -16.25 and a beta of 1.82. The firm has a fifty day moving average price of C$0.34 and a 200 day moving average price of C$0.39.

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.