Josemaria Resources (OTCMKTS:JOSMF) Shares Down 3.8% – Should You Sell?

Shares of Josemaria Resources Inc. (OTCMKTS:JOSMF) dropped 3.8% during trading on Friday . The company traded as low as $1.2971 and last traded at $1.3050. Approximately 8,300 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 62,269 shares. The stock had previously closed at $1.3568.

Josemaria Resources Price Performance

The company has a 50 day simple moving average of $1.30 and a 200-day simple moving average of $1.31.

Josemaria Resources Company Profile

Josemaria Resources Inc (OTCMKTS:JOSMF) is a mineral exploration and development company focused on the advanced‐stage Josemaria copper‐gold‐silver project in San Juan province, Argentina. The company’s core activities included exploration drilling, resource estimation and project evaluation aimed at unlocking one of the largest undeveloped porphyry deposits in the region.

Its flagship Josemaria project featured both indicated and inferred resources underpinned by metallurgical test work and environmental baseline studies.