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Oroco Resource shares surged 48% on strong volume, though no clear reason for the rise was identified.
Oroco Resource (CVE:OCO) shares rose nearly 48% on Monday, hitting a high of C$0.67 and closing at C$0.65, driven by elevated trading volume near double the average.
The exploration-stage company, focused on gold, silver, and copper projects in Mexico, owns the Santo Tomas, Xochipala, and Salvador properties.
With a market cap of C$165.13 million and a negative P/E ratio, the stock trades above its 50-day and 200-day moving averages.
Despite strong momentum and low volatility indicated by a beta of -0.28, no clear catalyst for the surge was identified.
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Las acciones de Oroco Resource subieron un 48% en un volumen fuerte, aunque no se identificó una razón clara para el aumento.