Oroco Resource Corp. (CVE:OCO)’s share price was up 16% during trading on Thursday . The company traded as high as C$0.29 and last traded at C$0.29. Approximately 79,000 shares changed hands during trading, a decline of 10% from the average daily volume of 87,442 shares. The stock had previously closed at C$0.25.
The company has a market capitalization of $23.82 million and a P/E ratio of -20.00.
In other Oroco Resource news, Director Stephen Martin Leahy purchased 100,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were bought at an average price of C$0.29 per share, for a total transaction of C$29,000.00. Following the purchase, the director now owns 1,295,000 shares in the company, valued at approximately C$375,550.
Oroco Resource Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Mexico. It explores for copper and gold deposits. The company primarily focuses on the assembly of the mineral concessions, which make up the Santo Tomas porphyry copper project in Sinaloa State, Mexico.
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