Arizona Sonoran Copper (OTC:ASCUF) Trading Down 2% – What’s Next?

Shares of Arizona Sonoran Copper Company Inc. (OTC:ASCUF) dropped 2% during mid-day trading on Monday . The stock traded as low as $2.40 and last traded at $2.42. Approximately 95,192 shares were traded during mid-day trading, an increase of 88% from the average daily volume of 50,587 shares. The stock had previously closed at $2.4690.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Desjardins initiated coverage on Arizona Sonoran Copper in a research note on Monday, September 22nd. They set a “buy” rating for the company. TD Securities reissued a “buy” rating on shares of Arizona Sonoran Copper in a report on Tuesday, October 21st. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Arizona Sonoran Copper presently has a consensus rating of “Buy”.

Arizona Sonoran Copper Price Performance

The stock’s 50-day moving average is $2.28 and its 200 day moving average is $1.88.

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.