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Oroco Resource shares jumped 29.6% on Friday amid heavy trading, though the reason for the surge remains unknown.
Oroco Resource (CVE:OCO) shares rose 29.6% to C$0.35 on Friday, with trading volume surging to 1.17 million shares—644% above average—driving heightened market activity.
The exploration-stage company, focused on gold, silver, and copper projects in Mexico, owns the Santo Tomas, Xochipala, and Salvador properties.
Despite a negative P/E ratio of -33.00 and no reported earnings, the stock traded near its 50-day moving average of C$0.34.
The cause of the price surge remains unspecified.
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Las acciones de Oroco Resource subieron un 29,6% el viernes en medio de fuertes operaciones, aunque la razón del aumento sigue siendo desconocida.