Capstone Copper (OTCMKTS:CSCCF) Shares Up 2.7% – Here’s Why

Capstone Copper Corp. (OTCMKTS:CSCCF)’s share price shot up 2.7% during mid-day trading on Wednesday . The company traded as high as C$9.13 and last traded at C$9.12. 515,935 shares traded hands during mid-day trading, an increase of 100% from the average session volume of 258,394 shares. The stock had previously closed at C$8.89.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CSCCF shares. CIBC reiterated an “outperform” rating on shares of Capstone Copper in a research note on Tuesday, July 15th. BMO Capital Markets reiterated an “outperform” rating on shares of Capstone Copper in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Capstone Copper Price Performance

The business’s 50-day moving average price is C$7.61 and its 200 day moving average price is C$6.09.

Capstone Copper Company Profile

Capstone Copper Corp. operates as a copper mining company in the United States, Chile, and Mexico. It primarily explores for copper, silver, zinc, and other metals. The company owns 100% interests in Pinto Valley copper mine located in the Arizona, the United States; Mantos Blancos copper-silver mine located in the Region of Antofagasta, Chile; Santo Domingo copper-iron-gold-cobalt project located in the Atacama region, Chile; and Cozamin copper-silver mine located in the Zacatecas, Mexico.