Oroco Resource (CVE:OCO) Stock Price Down 3.9% – Time to Sell?

Shares of Oroco Resource Corp. (CVE:OCO) dropped 3.9% during mid-day trading on Thursday . The stock traded as low as C$0.25 and last traded at C$0.25. Approximately 65,783 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 98,063 shares. The stock had previously closed at C$0.26.

Oroco Resource Trading Down 3.9 %

The firm has a market capitalization of C$59.60 million, a PE ratio of -12.25 and a beta of 1.82. The firm has a 50 day simple moving average of C$0.30 and a 200 day simple moving average of C$0.33.

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.