Arizona Sonoran Copper (OTC:ASCUF) Shares Down 2.2% – Here’s Why

Arizona Sonoran Copper Company Inc. (OTC:ASCUF) fell 2.2% during trading on Thursday . The stock traded as low as $2.13 and last traded at $2.18. 84,738 shares traded hands during mid-day trading, an increase of 114% from the average session volume of 39,681 shares. The stock had previously closed at $2.22.

Analysts Set New Price Targets

Separately, Desjardins began coverage on shares of Arizona Sonoran Copper in a research note on Monday, September 22nd. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Arizona Sonoran Copper Stock Down 2.2%

The company’s 50 day moving average price is $1.88 and its 200 day moving average price is $1.67.

Arizona Sonoran Copper Company Profile

Arizona Sonoran Copper Company Inc engages in the identification, acquisition, exploration, development, and production of base metal properties. It primarily explores for copper. The company’s principal asset is the 100% owned Cactus Mine Project located in Casa Grande, Arizona. The company was formerly known as Elim Mining Incorporated and changed its name to Arizona Sonoran Copper Company Inc in July 2021.