Capstone Copper (OTCMKTS:CSCCF) Shares Down 4.2% – Here’s What Happened

Shares of Capstone Copper Corp. (OTCMKTS:CSCCF) fell 4.2% during trading on Wednesday . The company traded as low as C$11.11 and last traded at C$11.52. 84,669 shares were traded during trading, a decline of 81% from the average session volume of 445,530 shares. The stock had previously closed at C$12.03.

Analysts Set New Price Targets

A number of research firms have issued reports on CSCCF. Jefferies Financial Group reissued a “buy” rating on shares of Capstone Copper in a research report on Sunday, December 7th. Raymond James Financial reiterated an “outperform” rating on shares of Capstone Copper in a report on Wednesday, January 14th. BMO Capital Markets reissued an “outperform” rating on shares of Capstone Copper in a research report on Friday, January 16th. Scotiabank reaffirmed an “outperform” rating on shares of Capstone Copper in a research report on Monday, January 26th. Finally, Citigroup reiterated a “buy” rating on shares of Capstone Copper in a research note on Tuesday, January 20th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Capstone Copper Price Performance

The stock has a fifty day simple moving average of C$10.11 and a two-hundred day simple moving average of C$8.48.

About Capstone Copper

Capstone Copper Ltd is a copper-focused exploration and development company headquartered in Vancouver, British Columbia. Established through a corporate spin-off from Capstone Mining Corp, the company is dedicated to advancing copper resources across the Americas. Capstone Copper’s portfolio comprises early- to mid-stage projects, with an initial emphasis on high-grade copper deposits in Chile and surrounding jurisdictions.

The company’s principal activities include geological exploration, resource definition, engineering studies, and environmental permitting.