Oroco Resource (CVE:OCO) Sets New 52-Week Low – Time to Sell?

Oroco Resource Corp. (CVE:OCO) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.25 and last traded at C$0.26, with a volume of 185416 shares changing hands. The stock had previously closed at C$0.27.

Oroco Resource Price Performance

The stock’s 50-day moving average is C$0.30 and its 200-day moving average is C$0.33. The stock has a market cap of C$59.60 million, a price-to-earnings ratio of -12.25 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.