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An announcement from Oroco Resource ( (TSE:OCO) ) is now available.
Oroco Resource Corp. has filed a prospectus supplement to its base shelf prospectus to qualify a bought-deal public offering of 52,631,600 units at C$0.38 per unit, for gross proceeds of approximately C$20 million. Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at C$0.53 for 36 months, and the underwriters, led by Canaccord Genuity, have been granted an option to buy up to an additional 7,894,740 units on the same terms. The financing, expected to close around January 14, 2026 subject to regulatory approvals, will strengthen Oroco’s capital position as it advances the Santo Tomas copper project in Mexico, potentially enhancing its ability to fund ongoing exploration, engineering and development work and reinforcing its positioning in the copper sector.
The most recent analyst rating on (TSE:OCO) stock is a Hold with a C$0.47 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 primarily constrained by weak financial performance (no revenue, ongoing losses, and negative free cash flow) despite a solid balance sheet with minimal leverage. Technicals are supportive (uptrend with positive MACD) but appear overextended (high RSI/Stoch), while valuation is pressured by losses and the absence of dividend support.
To see Spark’s full report on TSE:OCO stock, click here.
More about Oroco Resource
Oroco Resource Corp. is a mineral exploration company focused on advancing the Santo Tomas copper porphyry project in northwestern Mexico. The company holds a net 87% interest in 1,173 hectares of core concessions and an 80% interest in additional surrounding mineral concessions, for a total project area exceeding 6,100 hectares, hosting significant copper porphyry mineralization defined by historical and recent drilling and supported by a revised mineral resource estimate and updated preliminary economic assessment filed in 2024.
Average Trading Volume: 290,166
Technical Sentiment Signal: Hold
Current Market Cap: C$93.99M
For a thorough assessment of OCO stock, go to TipRanks’ Stock Analysis page.