Arizona Sonoran Copper (OTC:ASCUF) Stock Price Up 5.7% – Still a Buy?

Arizona Sonoran Copper Company Inc. (OTC:ASCUF)’s stock price traded up 5.7% during trading on Friday . The stock traded as high as $4.70 and last traded at $4.55. 188,616 shares changed hands during mid-day trading, an increase of 19% from the average session volume of 159,057 shares. The stock had previously closed at $4.3035.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ASCUF. TD Securities reiterated a “buy” rating on shares of Arizona Sonoran Copper in a research note on Tuesday, October 21st. Scotiabank reaffirmed an “outperform” rating on shares of Arizona Sonoran Copper in a research report on Thursday. Finally, Raymond James Financial reissued an “outperform” rating on shares of Arizona Sonoran Copper in a research report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Arizona Sonoran Copper Stock Up 5.7%

The company’s 50 day simple moving average is $3.83 and its two-hundred day simple moving average is $2.77.

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. Arizona Sonoran Copper Company Inc was incorporated in 2019 and is based in Toronto, Canada.