Arizona Sonoran Copper (OTC:ASCUF) Trading Down 1% – Here’s Why

Arizona Sonoran Copper Company Inc. (OTC:ASCUF)’s stock price fell 1% during mid-day trading on Friday . The company traded as low as $2.36 and last traded at $2.37. 93,534 shares were traded during mid-day trading, an increase of 114% from the average session volume of 43,631 shares. The stock had previously closed at $2.39.

Analysts Set New Price Targets

ASCUF has been the subject of a number of research analyst reports. TD Securities reaffirmed a “buy” rating on shares of Arizona Sonoran Copper in a research note on Tuesday. Desjardins initiated coverage on shares of Arizona Sonoran Copper in a research note on Monday, September 22nd. They set a “buy” rating for the company. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Arizona Sonoran Copper Trading Down 1.0%

The stock’s 50-day moving average is $2.07 and its 200-day moving average is $1.75.

About Arizona Sonoran Copper

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.