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Last $0.05 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 06/16/15 All times are local (Market data is delayed by at least 15 minutes).

oraco resources inc (ORAC) Snapshot

Open
$0.05
Previous Close
$0.05
Day High
$0.05
Day Low
$0.05
52 Week High
07/31/14 - $0.36
52 Week Low
05/1/15 - $0.01
Market Cap
1.3M
Average Volume 10 Days
0.0
EPS TTM
$-0.06
Shares Outstanding
24.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ORACO RESOURCES INC (ORAC)

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oraco resources inc (ORAC) Details

Oraco Resources, Inc., a mineral exploration and development company, engages in the exploration and development of gold, diamond, and other precious mineral deposits. The company focuses on developing its Nimini Hills concession covering 55 square kilometers area located in the West African Craton. Oraco Resources, Inc. is based in Rochester, New York.

3 Employees
Last Reported Date: 05/6/13

oraco resources inc (ORAC) Top Compensated Officers

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Executives, Board Directors

oraco resources inc (ORAC) Key Developments

SEC Orders Hearings On Registration Suspension Or Revocation Against Oraco Resources For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Oraco Resources, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

Oraco Resources, Inc. Announces Management Changes

On November 21, 2014, Bradley C. Rosen, resigned from his positions of President and Chief Executive Officer of Oraco Resources, Inc. This resignation was based upon health and medical reasons. The resignation was accepted and became effective immediately. Thereafter, on November 21, 2014, Gregory L. Shockey was appointed by the Board of Directors to the offices of President and Chief Executive Officer of the company. These appointments became effective immediately. Shortly thereafter, on November 21, 2014, the Board of Directors passed a resolution whereby Mr. Shockey was appointed as a Member of the Board of Directors, effective immediately upon the passage thereof. Since April 2013, Mr. Shockey has been self-employed. From January 2011 until March 2013, Mr. Shockey was a strategic planner for Stentorian Asset Management LLC.

Oraco Resources Commences Washing on Their Baroma Site

Oraco Resources, Inc. announced that they have decided to undertake a thorough washing of the approximately 80 tons of gravel and silt that they had removed from the riverbed at their Boroma site. The company stated that the results of the rough washing of approximately 2 tons of the dredging performed prior to the rainy season were encouraging enough to undertake further efforts at Boroma.

 

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ORAC

Industry Average

Valuation ORAC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 22.6x
Price/Book 2.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 21.7x
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