Stocks

Oroco Resource (CVE:OCO) Shares Surge 13% - What You Need to Know

Published March 8, 2025

On Friday, Oroco Resource Corp. (CVE:OCO) saw its share price rise by 13%. The stock peaked at C$0.31 during the trading day before closing at the same price. A total of 273,407 shares exchanged hands during mid-day trading, marking a 30% increase over its average trading volume of 210,243 shares. Prior to this spike, the stock had closed at C$0.27.

Oroco Resource Stock Overview

The company holds a quick ratio of 5.79, a current ratio of 0.78, and a debt-to-equity ratio of 0.54. The fifty-day simple moving average for Oroco Resource stands at C$0.29, while the 200-day simple moving average is C$0.31. Oroco Resource has a market capitalization of C$72.98 million, a price-to-earnings (P/E) ratio of -18.55, and a beta of 1.82, indicating a relatively high volatility in comparison to the market.

About Oroco Resource Corp.

Oroco Resource Corp. is an exploration stage company focused on acquiring and exploring mineral properties primarily in Mexico. The firm looks for gold, silver, and copper deposits. Its main project is the Santo Tomas porphyry copper project situated in the Sinaloa State. Additionally, Oroco Resource owns 100% interests in the Xochipala project, which includes the contiguous mineral concessions of Celia Gene and Celia Generosa, covering 193 hectares in Guerrero, and the Salvador property, a 100-hectare area also located in Guerrero.

Investment Considerations

Before diving into Oroco Resource, investors might want to consider the current market perspective. Analysts have listed Oroco Resource under a 'Hold' rating, suggesting caution for potential investors. There are alternative stocks that have received enthusiastic recommendations, which may be more favorable options at this time.

For those looking to diversify their investments, it is essential to conduct thorough research or consult with financial experts to analyze the best opportunities available in the market.

Oroco, Stock, Investment