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Oroco Resource
(OCO)
Oroco Resource (OCO) vs. iShares MSCI Canada ETF (EWC)
Oroco Resource Business Overview & Revenue Model
Oroco Resource Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | -4.35K | -681.00 | -822.00 |
| EBITDA | -3.84M | -3.37M | -5.26M | -7.29M | -3.85M | 343.60K |
| Net Income | -3.46M | -3.29M | -4.72M | -7.55M | -3.89M | 326.83K |
Balance Sheet | ||||||
| Total Assets | 89.47M | 84.77M | 80.06M | 77.60M | 54.93M | 28.50M |
| Cash, Cash Equivalents and Short-Term Investments | 1.16M | 829.00K | 1.46M | 23.03M | 20.21M | 407.23K |
| Total Debt | 436.17K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.12M | 3.16M | 2.91M | 4.10M | 1.20M | 1.42M |
| Stockholders Equity | 86.13M | 80.68M | 74.38M | 70.18M | 50.34M | 19.93M |
Cash Flow | ||||||
| Free Cash Flow | -958.63K | -1.99M | -27.31M | -5.11M | -3.07M | -3.26M |
| Operating Cash Flow | -958.63K | -1.99M | -2.81M | -2.10M | -2.44M | -1.59M |
| Investing Cash Flow | -6.21M | -6.69M | -24.46M | -16.22M | -6.68M | -1.32M |
| Financing Cash Flow | 7.14M | 8.05M | 5.65M | 21.09M | 29.02M | 2.83M |
Oroco Resource Technical Analysis
Oroco Resource Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | C$140.84M | ― | -43.62% | ― | ― | 14.60% | |
46 Neutral | C$109.00M | ― | -23.18% | ― | ― | 42.21% | |
43 Neutral | AU$1.37B | -6.17 | -40.62% | 4.19% | -4.78% | -42.91% | |
41 Neutral | C$70.69M | ― | -4.45% | ― | ― | -26.76% | |
36 Underperform | C$94.10M | ― | -22.71% | ― | ― | -72.31% | |
| $66.05M | ― | -13.74% | ― | ― | ― | ||
39 Underperform | C$85.74M | ― | -2.39% | ― | ― | 70.47% |
Oroco Resource Corporate Events
Oroco Resource Corp. has filed a final short form base shelf prospectus, allowing it to distribute up to C$75 million in various securities over a 25-month period. This move is designed to provide the company with the flexibility to capitalize on favorable market conditions and financing opportunities, potentially impacting its operational capabilities and market positioning.
Spark’s Take on TSE:OCO Stock
According to Spark, TipRanks’ AI Analyst, TSE:OCO is a Neutral.
Oroco Resource Corp.’s overall score is primarily impacted by its weak financial performance, characterized by ongoing net losses and lack of revenue generation. While technical analysis shows some positive momentum, and recent corporate events indicate potential future prospects, the current financial struggles and valuation concerns weigh heavily on the stock’s score.
To see Spark’s full report on TSE:OCO stock, click here.
Oroco Resource Corp. announced the commencement of environmental baseline studies and community consultations for the Santo Tomas Project, following support from Mexican federal and state officials. This development marks a significant step in the project’s permitting process, signaling potential progress in its copper exploration and development efforts. The company aims to update stakeholders on its near-term priorities and plans through a webinar hosted by Red Cloud Securities Inc.
Spark’s Take on TSE:OCO Stock
According to Spark, TipRanks’ AI Analyst, TSE:OCO is a Neutral.
Oroco Resource’s financial performance is weak due to continuous net losses and lack of revenue generation, significantly impacting its overall score. While technical indicators show some positive momentum, the valuation suggests potential overvaluation. Recent corporate events, such as securing funding and government support for a key project, could improve future prospects but are currently insufficient to offset financial weaknesses.
To see Spark’s full report on TSE:OCO stock, click here.
Oroco Resource Corp. has made significant progress in advancing its Santo Tomás Copper Project in Sinaloa, Mexico, following meetings with state and federal officials. The project has received strong support from the Mexican government, which recognizes its potential for economic growth and job creation in the region. This support is crucial for incorporating the project into the Key Development Projects Registry, ensuring a clear path forward for its development.
Oroco Resource Corp. has announced significant progress in advancing its Santo Tomás Copper Project in Sinaloa, Mexico, following meetings with Mexican government officials. These discussions have resulted in strong governmental support for the project, highlighting its potential for economic growth and development in the region.
Oroco Resource Corp. has successfully closed a non-brokered private placement, raising over $2.3 million through the sale of units comprising shares and share purchase warrants. The funds will be used to advance the Santo Tomas Project in Mexico, as well as for general corporate purposes. The participation of company insiders in the offering was exempt from certain regulatory requirements due to the valuation being below a specified threshold. This financial move is expected to bolster Oroco’s operational capabilities and enhance its market positioning within the copper mining sector.
Oroco Resource Corp. has announced an upsizing of its private placement, raising $2,303,555.75 through the sale of 9,214,223 units at $0.25 per unit. The funds will be used to advance the Santo Tomás Project in Mexico, as well as for corporate purposes. This move is expected to bolster the company’s financial position and support its ongoing exploration efforts, potentially enhancing its standing in the mineral exploration industry.
Oroco Resource Corp. has amended the terms of a previously announced private placement to raise up to C$1.5 million through the sale of up to 6,000,000 units, each consisting of one common share and one warrant. The proceeds from this offering will be used to advance the Santo Tomás Project in Mexico and for general corporate purposes. The offering is contingent upon necessary regulatory approvals, including those from the TSX Venture Exchange.