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An announcement from Oroco Resource ( (TSE:OCO) ) is now available.
Oroco Resource Corp. has granted 7,050,000 incentive stock options at an exercise price of $0.85 per share to 25 directors, officers, employees and consultants under its stock option plan, subject to TSX Venture Exchange approval. The options, half of which are allocated to officers, directors and senior management, vest in four tranches over 12 months and bring the company’s total outstanding options to 14,185,000, representing 4.4% of its issued and outstanding shares. The company’s chairman framed the move as a timely step to align and motivate personnel as Oroco deploys capital from a recent financing to launch a Phase 2 drill program and advance a pre-feasibility study at its Santo Tomas copper project, underscoring management’s focus on reactivating field work and progressing the asset toward potential future development.
The most recent analyst rating on (TSE:OCO) stock is a Hold with a C$0.75 price target. To see the full list of analyst forecasts on Oroco Resource stock, see the TSE:OCO Stock Forecast page.
Spark’s Take on TSE:OCO Stock
According to Spark, TipRanks’ AI Analyst, TSE:OCO is a Neutral.
The score is held back primarily by weak operating fundamentals (no revenue, ongoing losses, and negative free cash flow) despite strong solvency. Technical momentum is a notable positive with price above major moving averages and a positive MACD, while valuation is less supportive given the negative P/E and lack of dividend.
To see Spark’s full report on TSE:OCO stock, click here.
More about Oroco Resource
Oroco Resource Corp. is a mineral exploration and development company focused on the Santo Tomas copper porphyry project in northwestern Mexico. The company holds a net 87% interest in the 1,173-hectare core concessions and an 80% interest in surrounding concessions, for a total project area exceeding 6,100 hectares after recent rationalization. Santo Tomas, located within trucking distance of the Pacific port of Topolobampo and supported by nearby highway, rail, power and gas infrastructure, has a long history of exploration drilling and has recently been advanced through a revised mineral resource estimate and updated preliminary economic assessment filed in 2024.
Average Trading Volume: 927,910
Technical Sentiment Signal: Buy
Current Market Cap: C$185.4M
For an in-depth examination of OCO stock, go to TipRanks’ Overview page.